Question 1

Where does municipal finance data come from?

Accepted Answer

Wisconsin Department of Revenue Municipal Financial Reports

Question 2

What are the main revenue sources for a municipality?

Accepted Answer

Most Wisconsin municipalities rely on shared revenue, property taxes, and state aid. The mix varies by municipality, with larger cities often collecting a broader range of fees and charges for services.

Question 3

What is a General Fund and why does it matter?

Accepted Answer

The General Fund is the municipality's primary operating fund. It covers core services like police, fire, public works, and administration. A healthy General Fund balance (typically 25-50% of annual expenditures) indicates the town can handle unexpected expenses without raising taxes or cutting services.

Question 4

How current is this financial data?

Accepted Answer

U.S. Dollar (USD)

Richfield, WI

Richfield Municipal Budget