Friday, October 9, 2009

Explaining the Mill Rate Increase


So...by now many of you have become more informed.
You know that the school tax levy mill rate is increasing by about $1.32

But why?

Is it the high school construction? Or something else?
The answers can be found if you pry into the Annual Meeting Booklet"

The total tax levy is proposed to be $46,249,461
The increase in levy over last year is $5,160,700
This is broken down into 2 "portions":
.......The "general budget" levy increase: $ 3,778,246______ $ 0.97
.......The debt service levy: $1,386,766_______ $ 0.36

The high school construction accounts for only $0.36 (28%) of the proposed $1.28 mill rate increase. Clearly, it's not the construction that causing the large increases.
Hmmm...big salary increases coming home to roost?