MONROE - With state aid lower than expected, the Monroe school district will levy more in taxes than the school board approved at last week's annual meeting - but the tax rate will be even lower than expected due to rising property values.
Business Administrator Ron Olson presented updates to the 2016-17 budget at a meeting Monday, including contingency plans for each possible scenario coming out of the Nov. 8 election.
Voters will decide whether or not to allow the district to increase its budget - by collecting more in taxes - by $1.5 million for operational expenses and/or $460,000 for maintenance and safety projects.
If both referendum questions fail ...
The district will levy a total of about $10.63 million in school-related taxes, which is a 4-percent decrease from last year and the lowest the levy has been since 2006-07.
The tax rate will be about $9.95 per $1,000 of property value. That's a 7-percent drop from last year when the tax rate was about $10.70. It's also the lowest the district has seen since 1998-99.
The owner of a $100,000 house will get a tax bill of about $995, which is almost $75 less - or 7 percent lower - than it was last year.
If both referendum questions pass ...
The district will levy a total of $12.56 million in taxes, which is a 13.4-percent increase from last year.
The tax rate will be about $11.75 per $1,000 of property value, or 9.9 percent higher than last year. School taxes were last higher than that in 2010-11.
The owner of a $100,000 house will pay about $1,175 in school-related taxes, which is almost $106 more than last year.
If only the first question ($1.5 million) passes ...
The district will levy a total of $12.1 million in taxes, which is a 9.3-percent increase from last year.
The tax rate will be about $11.33 per $1,000 of property value, a 5.9-percent increase from last year.
The owner of a $100,000 house will pay about $1,133 in school taxes, which is about $63 more than last year.
If only the second question ($460,000) passes ...
The district will levy a total of $11.08 million in taxes, which is an increase of less than 0.1 percent compared to last year's $11.07-million levy.
The tax rate will be about $10.37 per $1,000 of property value. That's a 3-percent decrease from last year and lower than its been since 1998-99.
The owner of a $100,000 house will pay about $1,037 in school taxes, which is about $32 less than last year.
Property values in the Monroe school district are more than 3 percent higher than last year, according to Olson.
The school board unanimously approved the budget adjustments and 2016-17 district tax levy; board member Les Bieneman was absent.
Business Administrator Ron Olson presented updates to the 2016-17 budget at a meeting Monday, including contingency plans for each possible scenario coming out of the Nov. 8 election.
Voters will decide whether or not to allow the district to increase its budget - by collecting more in taxes - by $1.5 million for operational expenses and/or $460,000 for maintenance and safety projects.
If both referendum questions fail ...
The district will levy a total of about $10.63 million in school-related taxes, which is a 4-percent decrease from last year and the lowest the levy has been since 2006-07.
The tax rate will be about $9.95 per $1,000 of property value. That's a 7-percent drop from last year when the tax rate was about $10.70. It's also the lowest the district has seen since 1998-99.
The owner of a $100,000 house will get a tax bill of about $995, which is almost $75 less - or 7 percent lower - than it was last year.
If both referendum questions pass ...
The district will levy a total of $12.56 million in taxes, which is a 13.4-percent increase from last year.
The tax rate will be about $11.75 per $1,000 of property value, or 9.9 percent higher than last year. School taxes were last higher than that in 2010-11.
The owner of a $100,000 house will pay about $1,175 in school-related taxes, which is almost $106 more than last year.
If only the first question ($1.5 million) passes ...
The district will levy a total of $12.1 million in taxes, which is a 9.3-percent increase from last year.
The tax rate will be about $11.33 per $1,000 of property value, a 5.9-percent increase from last year.
The owner of a $100,000 house will pay about $1,133 in school taxes, which is about $63 more than last year.
If only the second question ($460,000) passes ...
The district will levy a total of $11.08 million in taxes, which is an increase of less than 0.1 percent compared to last year's $11.07-million levy.
The tax rate will be about $10.37 per $1,000 of property value. That's a 3-percent decrease from last year and lower than its been since 1998-99.
The owner of a $100,000 house will pay about $1,037 in school taxes, which is about $32 less than last year.
Property values in the Monroe school district are more than 3 percent higher than last year, according to Olson.
The school board unanimously approved the budget adjustments and 2016-17 district tax levy; board member Les Bieneman was absent.