The Clintonville School District will hold a budget hearing at 6:30 p.m. Monday and its annual meeting at 6:45 p.m. Monday at Clintonville Middle School, 255 N. Main St.
The tax levy is projected to decrease from last year’s $6.22 million to $6.20 million this year. The projected tax rate is $11.31 per $1,000 of equalized valuation, compared to $11.37 per $1,000 last year.
District residents can vote on the levy at the annual meeting.
The proposed 2014-15 budget for the combined general fund and special education fund is $18.34 million. The debt service retirement budget will be $1.5 million.
Superintendent Tom O’Toole said the tax rate decrease was attributable largely to a decrease in the district’s debt service levy.
State aid, O’Toole said, is projected to drop for the upcoming year. State aid funded 58.9 percent of the budget last year, but is projected to cover 56.6 percent for the 2014-15 school year.
District enrollment, a key factor in determining state aid, has dropped in recent years, from 1,533 in 2009-2010 to 1,381 in 2013-2014.
The final budget and levy will not be finalized until October, after the official enrollment count on the third Friday in September and the final equalized valuation of district property is provided by the state.
The annual meeting booklets are available at school offices, area financial institutions and the public library.
Categories
