MONROE - The Monroe School Board unanimously approved a $34.63 million preliminary 2012-13 budget for the annual meeting that includes a $1 million deficit.
Home owners could face a 1.55 percent increase in school property taxes as the Monroe School District deals with the projected deficit in combination with declining enrollment and less state aid.
The final budget won't be set until final state aid numbers are in and the district holds its annual meeting Monday, Oct. 15.
Monroe Business Manager Ron Olson said copies of the budget will be available in October before the annual meeting.
Earlier this month, Olson said home owners with a $100,000 house could be facing a $17 increase in school property taxes this year. The property tax hike is based on an estimated preliminary $11.26 million total levy and $250,000 less in state aid.
District leaders project a 2.72 percent decrease in expenditures and 3.75 percent decline in revenues compared to last year.
The district has about $8 million in fund balance, but Olson has said that is not a long-term fix.
The district has taken steps to cut costs by cutting $233,500 from its budget in March.
In other action, the board:
• Approved the purchase of a Haas Toolroom mill for $25,391 for the Monroe High School technology education department. The purchase is being funded by Kern grant funds, a $3,000 gift from Faith Engineering, PLTW budget, the high school technology budget and the curriculum budget.
• Honored high school English teacher Barbara Robertson with the Lamp of Learning Staff Excellence award.
Home owners could face a 1.55 percent increase in school property taxes as the Monroe School District deals with the projected deficit in combination with declining enrollment and less state aid.
The final budget won't be set until final state aid numbers are in and the district holds its annual meeting Monday, Oct. 15.
Monroe Business Manager Ron Olson said copies of the budget will be available in October before the annual meeting.
Earlier this month, Olson said home owners with a $100,000 house could be facing a $17 increase in school property taxes this year. The property tax hike is based on an estimated preliminary $11.26 million total levy and $250,000 less in state aid.
District leaders project a 2.72 percent decrease in expenditures and 3.75 percent decline in revenues compared to last year.
The district has about $8 million in fund balance, but Olson has said that is not a long-term fix.
The district has taken steps to cut costs by cutting $233,500 from its budget in March.
In other action, the board:
• Approved the purchase of a Haas Toolroom mill for $25,391 for the Monroe High School technology education department. The purchase is being funded by Kern grant funds, a $3,000 gift from Faith Engineering, PLTW budget, the high school technology budget and the curriculum budget.
• Honored high school English teacher Barbara Robertson with the Lamp of Learning Staff Excellence award.