MONROE - It's official: The amount of taxes Monroe School District residents will collectively pay to support public education is going up 3.3 percent.
The Monroe School Board unanimously approved a revised 2009-10 school year budget and tax levy Monday. While the numbers were presented at the Oct. 19 annual meeting, the amount of assessed valuation for the district was not available in time to adjust final budget numbers, have proper notification and be adopted at the annual meeting. Therefore, the board approved the final budget numbers Monday.
The total tax levy will be $11,892,687, an increase of 3.3167 percent from last year. This is down from the 3.5 percent increase approved last week. The lower amount is a result of a 1.9 percent average increase in valuation in the district. Business Manager Ron Olson initially had assumed no percentage increase in valuation in light of local economic conditions.
The mill rate, or the amount per $1,000 of a property's value the owner is charged, will increase 1.3 percent to $11.83. That means the owner of a $150,000 home in the district will pay $1,775 in taxes for school purposes, up from $1,752 last year.
The 2009-2010 budget includes $30.3 million in expenditures offset by the same amount in revenues. Last year's actual revenues were $29.7 million and expenditures, which came in under budget, were $28.1 million.
The Monroe School Board unanimously approved a revised 2009-10 school year budget and tax levy Monday. While the numbers were presented at the Oct. 19 annual meeting, the amount of assessed valuation for the district was not available in time to adjust final budget numbers, have proper notification and be adopted at the annual meeting. Therefore, the board approved the final budget numbers Monday.
The total tax levy will be $11,892,687, an increase of 3.3167 percent from last year. This is down from the 3.5 percent increase approved last week. The lower amount is a result of a 1.9 percent average increase in valuation in the district. Business Manager Ron Olson initially had assumed no percentage increase in valuation in light of local economic conditions.
The mill rate, or the amount per $1,000 of a property's value the owner is charged, will increase 1.3 percent to $11.83. That means the owner of a $150,000 home in the district will pay $1,775 in taxes for school purposes, up from $1,752 last year.
The 2009-2010 budget includes $30.3 million in expenditures offset by the same amount in revenues. Last year's actual revenues were $29.7 million and expenditures, which came in under budget, were $28.1 million.