Higher property values boost Edgerton School District budget
EDGERTON—Healthy growth in the Edgerton School District's property values has lowered the tax rate while increasing the tax levy for the 2017-18 school year.
The school board approved the district's $25.2 million budget Oct. 23.
Property values have risen nearly 4 percent in the past year, a major contributor to the lower tax rate, which dropped 0.9 percent to $9.96 per $1,000 of equalized valuation.
The district is unsure if the growth is happening in Edgerton or outlying rural areas because the Wisconsin Department of Revenue has not released that information yet, district Financial Director Tad Wehner said.
A 12-student enrollment increase and the continued use of a state energy-efficiency exemption also benefited the tax levy, which is up 3 percent. This is the third straight year the district has used the exemption for energy-efficiency work.
Under the exemption, the district replaced rooftop heating, ventilation and air conditioning systems and installed additional climate controls, Wehner said.
Nothing in this year’s budget pertains to an ongoing facilities assessment in the district.
During the past year, the school board hired a Wisconsin Association of School Boards consultant, J.P. Cullen and Bray Architects to provide expertise during the building study.
The school board approved those expenses separately, so they do not fall under the regular budget. That created an extra layer of transparency with the school board and the public as the district decides how to spend its money, Wehner said.