The total budget for 2018-19 represents many adjustments. Last year the use of fund balance was increased to pass on a decrease to local property taxes. Even with more funding from the State the District has a rapidly declining fund balance. This budget is an attempt to stop the decline. If it is successful we will stop the rapid decline and conform to recommendations from the State.
For the past four years the School Budget has had a minimal impact on local property taxes. The District impact on local property taxes has been 1.97% in 2015-16, 1.81% in 2016-17, -1.50% in 2017-18, and this year is projected at 4.03%. The tax levy for this year is $8,817,815 compared to $8,451,757 four years ago in 2015-16. This is a four-year average tax increase of 1.08% per year.
BUDGET VALIDATION VOTE
June 12, 2018