MONROE - The school district's 2010-11 budget is expected to increase about half a percent over last year's budget, according to Ron Olson, district business administrator.
The 2010-11 budget is expected to be about $30.48 million, an increase of about $128,000 over the 2009-10 budget.
The tax levy, or the total amount district residents will pay directly for the school budget, is estimated to be about $12.2 million, an increase of about 2.7 percent over the 2009-10 levy of $11.89 million.
The tax rate for the district is expected to be about $12.15 per thousand dollars of equalized property valuation.
The actual tax levy and tax rate are subject to change as the district gets updated information for the Oct. 18 annual meeting. For example, the district won't know how much it will receive in state aid until October, Olson said. Olson used the same amount of equalized valuation from the 2009-10 budget to estimate the tax rate; that rate is subject to change as the district gets an updated amount of equalized valuation for the annual meeting.
District residents will approve the budget, tax levy and tax rate at the annual meeting.
Olson said the district was able to keep expenses down because of a commitment to keep spending under control. Olson said there are programs the district would like to spend money on, but won't because of the economy and the district's need to save money where it can.
The district was able to save money by not hiring another teacher at the Monroe Virtual high School, which will save the district about $60,000 in salary and benefits. The district will also save money by changing the insurance for the Monroe Association of Support Staff and the district administrators. The two groups will now pay $200 deductibles for insurance, which will save the district about $16,500 in premium costs.
The 2010-11 budget is expected to be about $30.48 million, an increase of about $128,000 over the 2009-10 budget.
The tax levy, or the total amount district residents will pay directly for the school budget, is estimated to be about $12.2 million, an increase of about 2.7 percent over the 2009-10 levy of $11.89 million.
The tax rate for the district is expected to be about $12.15 per thousand dollars of equalized property valuation.
The actual tax levy and tax rate are subject to change as the district gets updated information for the Oct. 18 annual meeting. For example, the district won't know how much it will receive in state aid until October, Olson said. Olson used the same amount of equalized valuation from the 2009-10 budget to estimate the tax rate; that rate is subject to change as the district gets an updated amount of equalized valuation for the annual meeting.
District residents will approve the budget, tax levy and tax rate at the annual meeting.
Olson said the district was able to keep expenses down because of a commitment to keep spending under control. Olson said there are programs the district would like to spend money on, but won't because of the economy and the district's need to save money where it can.
The district was able to save money by not hiring another teacher at the Monroe Virtual high School, which will save the district about $60,000 in salary and benefits. The district will also save money by changing the insurance for the Monroe Association of Support Staff and the district administrators. The two groups will now pay $200 deductibles for insurance, which will save the district about $16,500 in premium costs.