BLANCHARDVILLE - The Pecatonica Area School District will levy $2.54 million for the 2012-2013 school year, which is down 1.3 percent, or about $33,000 less, than last year.
The district's tax rate falls to $11.98 per $1,000 of property value, down from $12.01 last year.
The owner of a $100,000 home will pay $1,198 in school district taxes; the owner of a $150,000 house will pay $1,797.
Of the total levy amount, $2.32 million goes to fund general operations. About $215,000 goes to cover non-referendum debt, and the district's referendum debt is zeroed out.
The district is working on a total gross expenditure budget of $7.2 million. After applying a fund balance amount of $600,000, the final net expense budget for 2012-13 comes to $6.61 million.
Last year, the district reduced its total $8.5 million expenditures by $1.8 million with $900,000 from the fund balance and with $900,000 by refinancing debt, arriving at $6.67 million.
The final difference between the two budgets is about 1 percent, or $65,500, less for 2012-13.
General operating expenses comes to $5.4 million, down $258,000 less, or about 4.6 percent less than budgeted last year.
The district is expecting $2.8 million in all state sources of revenue, a total almost equal to last year.
The district's tax rate falls to $11.98 per $1,000 of property value, down from $12.01 last year.
The owner of a $100,000 home will pay $1,198 in school district taxes; the owner of a $150,000 house will pay $1,797.
Of the total levy amount, $2.32 million goes to fund general operations. About $215,000 goes to cover non-referendum debt, and the district's referendum debt is zeroed out.
The district is working on a total gross expenditure budget of $7.2 million. After applying a fund balance amount of $600,000, the final net expense budget for 2012-13 comes to $6.61 million.
Last year, the district reduced its total $8.5 million expenditures by $1.8 million with $900,000 from the fund balance and with $900,000 by refinancing debt, arriving at $6.67 million.
The final difference between the two budgets is about 1 percent, or $65,500, less for 2012-13.
General operating expenses comes to $5.4 million, down $258,000 less, or about 4.6 percent less than budgeted last year.
The district is expecting $2.8 million in all state sources of revenue, a total almost equal to last year.