School Board Approves 2015-2016 Budget
May 19, 2015
At the Monday, May 18, 2015 School Board Meeting, the Board unanimously approved the Final Budget that includes a .40 mill increase with an operating budget of $91,643,749 at a millage rate of 23.55 mills. The Final Budget reflects a decrease from the .42 mill increase in the budget presented at the April 13, 2015 School Board meeting. The decrease in millage is the result of updated revenue and expenditure projections. This budget also requires the use of $750,000 of the fund balance and a reduction of approximately $500,000 in expenditures, including the reduction of three support staff positions. Additionally, the school district will not fill one support staff position and one teaching position due to retirements.
The 2015-2016 budget reflects a millage rate that is under the Act 1 Index limit of a .44 mill increase which is allowable according to inflationary guidelines. The cost of the millage increase to a homeowner is $40 a year more in taxes on a home assessed at $100,000.
2 comments:
Of course they did! Time to start cutting loose some incumbents that created the HS mess.
$40 a year plus a loss of $750k in capital projects/fund balance.
Do this a few more times and the district will be broke.
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