DARLINGTON - Property owners in the Darlington school district will see a decrease in their school taxes next year for the fifth straight year.
The district called for a 3 percent reduction in the tax levy at its annual meeting Monday. The district voted for an estimated $2.8 million tax levy limit, which equates to $10.34 per $1,000 of property value based on equalized values from last year.
This means the owner of a $150,000 home will pay $291 less, or about $1,551 in school taxes next year. The owner of a $250,000 home will also see a drop in taxes by $485, for a total tax of $2,585.
The total expense budget rose by $1.01 million to $9.5 million. Revenues are budgeted to exceed last year by $411,000 for an anticipated total of $8.9 million.
General state aid totaling $5.48 million fell by about $600,000 from last year. Federal sources of revenue rose by about $2,000 to $293,000.
Budgeted general fund curriculum expenses increased by about $600,000 to $5.2 million. Support sources, which include administration and insurance costs, increased by about $400,000 for a total of $3.5 million. Food service costs are budgeted to increase by $51,000 to $408,000.
Debt services costs rose by $3,400 to $468,000. The district's indebtedness at the end of the 2013-2014 year was $1.6 million, down from the 2012-2013 year which totaled $2.07 million.
The district called for a 3 percent reduction in the tax levy at its annual meeting Monday. The district voted for an estimated $2.8 million tax levy limit, which equates to $10.34 per $1,000 of property value based on equalized values from last year.
This means the owner of a $150,000 home will pay $291 less, or about $1,551 in school taxes next year. The owner of a $250,000 home will also see a drop in taxes by $485, for a total tax of $2,585.
The total expense budget rose by $1.01 million to $9.5 million. Revenues are budgeted to exceed last year by $411,000 for an anticipated total of $8.9 million.
General state aid totaling $5.48 million fell by about $600,000 from last year. Federal sources of revenue rose by about $2,000 to $293,000.
Budgeted general fund curriculum expenses increased by about $600,000 to $5.2 million. Support sources, which include administration and insurance costs, increased by about $400,000 for a total of $3.5 million. Food service costs are budgeted to increase by $51,000 to $408,000.
Debt services costs rose by $3,400 to $468,000. The district's indebtedness at the end of the 2013-2014 year was $1.6 million, down from the 2012-2013 year which totaled $2.07 million.