Synopsis: The general rule in Wisconsin prohibits municipalities from accumulating unappropriated surplus tax revenues. Accordingly, unspent funds in municipal accounts, if not designated for any particular purpose, must be considered “funds on hand” under Wis. Stat. 65.90(1), and used to defray budgetary costs and reduce the tax levy for the ensuing year. Immega v. City … Continue reading Do the County’s Large Reserves Violate State Law? – Part 1