Should board support Sodemann’s plan?
Janesville School Board member Bill Sodemann has an idea that could save residents tax dollars next year. At Tuesday’s finance committee meeting, Sodemann pitched shifting $1 million from operational reserves into a fund that pre-pays early-retirement benefits for employees.
If the board agrees when it meets Tuesday, the owner of home valued at $115,000 would see a school-tax increase of just $4 rather than the current estimate of $19. So says Keith Pennington, the district’s chief financial officer.
The reason taxes would dip is that the move would count as spending in the 2012-13 fiscal year, and that would boost state aid for next year and cut the tax levy by about $300,000.
What risks might this plan entail? And are those concerns big enough that the board should scuttle Sodemann’s plan?
We’ll share our perspectives in our editorial Saturday.
Greg Peck can be reached at (608) 755-8278 or email@example.com. Or follow him on Twitter or