The School Board, on Monday, May 22nd, approved a Proposed Final General Fund Budget for the 2023-24 school year. This budget is now posted on the Fiscal Year Operating Budget Information page for public review. Below is a summary of the budget. Approval of the final budget for the 2023-24 school year will be voted on by the School Board at the June 26th meeting, which will be held in the High School Auditorium at 7:30 pm.
Budget Summary:
Total Expenditures: $51,782,260
Total Projected Revenue: $47,107,270
Revenue from local sources: $25,029,992
Revenue from state sources: $19,211,478
Revenue from federal sources: $2,865,800
Spending from fund balances: $4,674,990
Local Tax Rates
| |
2022-23 |
2023-24 |
Percentage Change in Rate |
Index (Maximum increase allowed by state law) |
Less or Equal to index |
| Real Estate Taxes |
14.3500 Mills |
14.5653 Mills |
1.51% |
5.4% |
Yes |
| Per Capita Taxes, Section 679 |
$5.00 |
$5.00 |
0% |
5.4% |
Yes |
| Act 511 Per Capita Taxes |
$5.00 |
$5.00 |
0% |
5.4% |
Yes |
| Act 511 Earned Income Taxes |
1.20% |
1.20% |
0% |
5.4% |
Yes |
| Act 511 Real Estate Transfer Taxes |
0.5% |
0.5% |
0% |
5.4% |
Yes |
The full budget document can be found on the Fiscal Year Operating Budget Information page.