Key Budget Numbers That Have NOT Been Made Clear

Tomorrow night is your LAST kick at the cat before the Annual Meeting.
If you are concerned about the budget, you MIGHT wanna show up and speak your peace at the Finance Committee (5:30 pm).  Then stick around for the official school board vote at their 7:30 meeting



The current budget planning calls for a 0% increase [NO DECREASE] in the district Equalized Value (net value of all real property in the district).  Madison and Dane County Equalized valuations are in and the numbers point to at least a 3% decline in Equalized Value.  How does this affect property taxes?

IF the Equalized Value is "flat" 0%

Tax Levy =           $   46,535,625 x 1000 = $11.93 Mill rate 
Equalized Value= $3,901,503,850 

A  5.2% increase over 2009
Tax on a $200K home= $2,385.52

IF the Equalized Value drops 1%
Mill rate= $12.05 (+6.2%)   $2,409.62 Tax on a $200K home
IF the Equalized Value drops 2%
Mill rate= $12.17 (+7.3%)    $2,434.21 Tax on a $200K home
IF the Equalized Value drops 3%
Mill rate= $12.30 (+8.4%)     $2,459.30 Tax on a $200K home