By Lisa Curtis Special to Conley Media MEQUON — Major development within the $32 million Town Center, 156 new residential units, 70 new jobs and a decrease in the tax rate. Those are among the highlights of Mequon’s 2019 financial report, which looks not only at the current economic climate of the city, but ongoing and future activities. Technically called the Popular Annual Financial Report, it marks the sixth consecutive year that the city has compiled the data and sent it to the Government Finance Officers Association. Each of the first five have all received the award for Outstanding Achievement in Popular Annual Financial Reporting, according to a report from City Administrator Will Jones. The city’s tax rate, one of the lowest in the metro Milwaukee area, is $3.28 per $1,000 of assessed property value, down 7 cents from the previous year. The assessed value of all property in the city is $4.69 billion, up $150,449 from 2018. According to the report, the city took in $15.94 million in property taxes last year. Its total $23.25 million in revenues included $3.19 million in intergovernmental funds, $1.57 million from licenses and permits and $1.77 million from public charges for service. |