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Peer Community Financial Analysis

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The City of Janesville prides itself on providing quality services at a great value to its residents. The value residents receive for City services is best illustrated by data published by the Wisconsin MunicipalFacts 2019. Let's see how the City of Janesville stacks up against fourteen peer communities!

Peer Financial 2019 Expenditures Per Capita

In 2017, Janesville's per capita spending on general government; street maintenance; fire and ambulance; and law enforcement services all rank within the bottom six of our peer communities. When combined, the City spends the lowest amount on these basic services among peer communities. Also, Janesville's per capita spending on all government operations is the third lowest among peer communities.

Peer Financial 2019 Revenue Per Capita

 

#1 - Property Taxes

Peer Financial 2019 Property Taxes Per Capita

Peer Financial 2019 Property Tax Rate

The City of Janesville has been a fiscally-responsible steward of taxpayer dollars with the fourth lowest property taxes per capita and the second lowest property tax rate among our peer communities. 

 

#2 - State Shared Revenue

Peer Financial 2019 State Shared Revenue Per Capita

The City of Janesville receives the third lowest state shared revenue per capita among our peer communities. Janesville receives only $82 per resident in state shared revenue while comparably-sized cities like Oshkosh, Eau Claire, and West Allis receive an average of $141 per resident, or 72% more than Janesville.

 

#3 - Property Taxes and State Shared Revenue (combined)

Peer Financial 2019 Property Taxes & Shared Revenue Per Capita

The City of Janesville receives the lowest combined property taxes and state shared revenue per capita among its peer communities. Property taxes and state shared revenue are inversely related, meaning communities who receive greater state shared revenue can afford to have lower property taxes while communities who receive little state shared revenue often have higher property taxes to make up the difference. In spite of receiving comparatively little state shared revenue, Janesville's ability to keep property taxes relatively low compared to our peer communities is truly a testament to the great value residents receive for quality City services!

 

#4 – General Obligation Debt Per Capita

Peer Financial 2019 GO Debt Per CapitaAs referenced above, Janesville receives the lowest combined revenue from property taxes and state shared revenue. This forces Janesville to fund some of the numerous services provided through acquiring general obligation debt. Janesville’s general obligation debt per capita ranks below the average for our peer communities. The City also maintains a “AA” bond rating from Standard and Poor’s.

 

#5 – General Obligation Debt Per Equalized Assessed Value (EAV)

Peer Financial 2019 Debt Per EAV

Equalized assessed value (EAV) refers to the dollar value assigned to a property for tax purposes. Calculating the debt per EAV provides a better analysis of Janesville’s debt management in comparison to our peer communities. Janesville’s debt per EAV ranks below the average for our peer communities.

If you have any questions or want additional information, please contact Maggie Darr, Assistant to the City Manager, at darrm@ci.janesville.wi.us or (608) 755-3103.