Milton school taxes decrease
Under the final budget approved Monday, district residents will pay $7.35 per $1,000 of equalized valuation, a 2.8 percent decrease from last year.
That's much lower than the $8.11 proposed at the district's annual meeting in August, which would have represented a 7.3 percent increase.
Several things have changed since the August meeting, said Dianne Meyer, district business manager. Most notably, the district and teachers union reached an agreement in September on the 2007-09 teachers contract.
If the two sides had not reached an agreement, the district would have gotten less state aid this year because it would not have spent the money it set aside for teacher pay increases last year. Now, the district has given that money out in retroactive payments, so it will get more state aid.
The district also saw a decrease of 25 students this year, limiting the amount it can collect in revenue, Meyer said. Finally, property value in the district increased by 8.1 percent, more than Meyer's original 5 percent estimate.
All together, the changes mean a $76 savings over the original proposal for a resident with a $100,000 home. Someone with a $150,000 home would save $114.
"We're happy that it's turned out the way it has, especially with the way (the economy) is now," Meyer said.
The 2008-09 budget does not include any major changes in programming or staff, Meyer said.
By the numbers
A look at the 2008-09 budget for the Milton School District:
This year: $39.3 million
Last year: $37.6 million
This year: $12.2 million
Last year: $11.6 million
(Per $1,000 of equalized valuation)
This year: $7.35
Last year: $7.56
Note: Percent changes calculated on whole numbers.