Residents of the Clinton Community School District will see their school taxes go down slightly under a budget passed this week.
The school board passed a budget that reduced overall spending from $17.88 million last year to $17.56 million this year.
Of this year’s amount, about $5.29 million will be paid with local property taxes. That’s up less than 1 percent from last year’s tax levy of $5.25 million.
Despite the slight increase in the tax levy, individual homeowners will pay slightly less in school taxes.
Owners of a home valued at $100,000 will pay an average of $1,204 in school taxes. That’s down from last year, when a $100,000 home was taxed at $1,224.
How could the levy go up and taxes go down?
Property values have increased slightly, and a larger tax base means expenses are spread out over a larger pool of property value.
The board also allocated $1.06 million toward the debt on the high school constructed in 2001.
The board has “taken steps to aggressively pay down” the debt related to building a new high school in 2001, Clinton Director of Business Services Dan McCrea said in a news release.
The goal is to pay the debt off as soon as possible to reduce the amount of interest the district has to pay, McCrea said.