To provide professional financial management services as mandated by the Wisconsin State Statutes and required by the Village Board, Village Departments, and other governmental units.† The Village of Plover Treasurer is committed to maintaining the Village's solid financial position, while providing quality service to Village taxpayers by the use of sound financial strategies and the promotion of efficiency in the provision of municipal services in order to maintain control of property taxes.
The Village Treasurer/Finance Director is responsible for the precise, accurate, and timely processing of all funds received and disbursed by the Village of Plover, and oversees the implementation and observance of the Village's annual budget.† Other duties performed by the Treasurer/Finance Department include, but are not limited to:
Other topics of interest:
Real Estate and Personal Property Tax Payments.††† Each year, tax statements are mailed to property owners in early December.† The Village of Plover is on a two-installment tax payment system.† The first installment is due on or before January 31, and the second installment is due on or before July 31 of each year.† Tax payments are made directly to the Portage County Treasurer, County-City Building, 1516 Church Street, Stevens Point, WI† 54481.
Budget Information:†† Detailed copies of the Budget are available at the Village Office, Plover Municipal Center, 2400 Post Road, Plover.††††
Projects/Equipment Reserve Funds
Municipalities issue "General Obligation Bonds" in order to finance large projects. The principal and interest payments made over the lifespan of the bonds are referred to as "Debt Service".
The Village has issued general obligation bonds to finance a multitude of projects, some of which are the Plover Municipal Building, Police Department addition, Village Garage construction, various street construction projects, storm sewers, industrial park development, and the reconstruction of Hoover Avenue from Cedar Drive north to County HH.
limit the amount of indebtedness a municipality can incur to 5% of
the municipality's equalized valuation. Based on the Village's 2017
equalized value of $1,072,882,700, the maximum allowable debt capacity
The Village has received a† Bond Rating of† "AA" from†Standard & Poor's, which reflects the Village of Plover's financial strength.† This rating allows the Village to issue municipal bonds at the lowest possible interest rate, which results in lower costs for Village projects, and ultimately results in lower costs for Village property owners.†
Tax Incremental Finance Districts
When a TIF district is created, the equalized value of the district is established by the Department of Revenue.† This is called the Tax Incremental Base.† The municipality then installs public improvements, and the property values grow.† Taxes paid on the increased value are used to pay for the public improvement projects undertaken by the municipality.† This is the Tax Increment.† It is based on the increased value of the TIF district and levies of all the taxing jurisdictions that share in the tax base.† The village, county, and school districts do not benefit from the taxes collected on value increases in the district until all project costs have been recovered.† After that, the added value is included in the apportionment process and everyone gains.†
The underlying assumption of the TIF Law is that no new development would have taken place if the village had not created the TIF district.† Public improvement costs needed to develop or redevelop the area would have been too prohibitive for the village to do alone, without the TIF increment revenue to cover financing costs.
The Village currently has five active TIF Districts. TIF District #3, created in 2003, is the Pines Corporate Centre Business Park Development at the northeast corner of Grant Avenue and STH 54. TIF #4, created in 2004, is the Village Park at Plover Commercial Development at the intersection of County Highway B and I-39. TIF District #5, created in 2005, provides for commercial and residential development east of I-39 and south of CTH B. TIF #6 created in 2010, provides for mixed-use development to the east of the Crossroads Commons Development, and TID #7, created in 2013, provides for mixed use development along the Post Road corridor in the central part of the Village.