SPRING VALLEY — The Spring Valley Village Board approved a 2027 budget that would decrease local tax levy by 0.28% to $572,796.

According to information shared at the October Village Board meeting, the finance committee met in September, starting with a $189,000 deficit and getting to a balanced budget.

“That being said, we got creative in ways to find money, and we also are looking at the realities of the money that we’re expecting that might not be as likely to come through as we need it to,” Trustee and Finance Committee Chair Andrea Wallin said at that meeting.

The lone decreasing expenditure is debt service, which is decreasing by 49.64% from $322,947 to $215,823. That change kept total expenses to a 4.46% increase to $1,408,329. Public Works Department expenses are expected to increase by 20.7% to $405,133. Public safety is seeing an increase of its own of 16.49% to $413,691.

The approved budget is balanced, showing a 4.46% increase to revenues as well. There is a roughly $125,000 decrease to planned intergovernmental revenue (27.81% decrease), but other revenue sources recovered the loss. Intergovernmental tax revenue is roughly doubling to $201,729. There is also a budgeted 53.78% increase to miscellaneous revenues.

All but $9,483 of the levy will fall on Pierce County residents, with the remainder going to the residents on the piece of St. Croix County land that overlaps with village boundaries.