ARGYLE - Property owners in the Argyle school district will see a decrease of 16 cents per $1,000 of property value on their school tax bills in 2014.
The district held its annual meeting Monday, Oct. 28. The new tax rate of $11.03 per $1,000 of property value is a 1.43 percent decrease compared to $11.19 in 2013, according to the school district.
The owner of a $100,000 home will pay $1,103 in school taxes, or $16 less than in 2013. The owner of a $200,000 house will pay $2,206 or $32 less.
Contributing to the tax decrease, equalized property values went up by 1.81 percent or about $2.4 million in 2012.
The school managed to decrease overall expenditures of $4.81 million by $46,800, about 1 percent, compared to $4.86 million in the 2012-2013 audited budget.
The school is looking to raise $1.47 million in tax funding, just 0.3 percent or $4,700 more than in 2013. Of that funding, about $983, 000 will go to the general fund and $484,000 will cover debt service.
General state aid of $2.17 million will be down by 0.25 percent, or $5,400, compared to 2013.
The general fund, for instruction and support services, is up by 4.68 percent, with an additional $170,500, for a total of $3.81 million, compared to $3.64 million in the audited accounts for last school year. The school had budgeted about $3.81 million last year.
Curriculum funding of $1.86 million for 2013-2014 is up $41,700 or 2.3 percent. Support services funds of $1.52 million for pupil and staff services and for administration is up $90,700 or 6.4 percent.
Expected revenues for the general fund are $3.59 million, down $2,900 compared to last school year. General state aid makes up $2.17 million, $5,400 or 0.25 percent less than in 2013-14.
Special project funds will ride out the new school year with $345,600, down by $33,900, or 9 percent, compared to last year. Debt service funds are up by $3,000, from $490,100 to $493,100. The food service fund will be down $6,400 to $156,900.
The district held its annual meeting Monday, Oct. 28. The new tax rate of $11.03 per $1,000 of property value is a 1.43 percent decrease compared to $11.19 in 2013, according to the school district.
The owner of a $100,000 home will pay $1,103 in school taxes, or $16 less than in 2013. The owner of a $200,000 house will pay $2,206 or $32 less.
Contributing to the tax decrease, equalized property values went up by 1.81 percent or about $2.4 million in 2012.
The school managed to decrease overall expenditures of $4.81 million by $46,800, about 1 percent, compared to $4.86 million in the 2012-2013 audited budget.
The school is looking to raise $1.47 million in tax funding, just 0.3 percent or $4,700 more than in 2013. Of that funding, about $983, 000 will go to the general fund and $484,000 will cover debt service.
General state aid of $2.17 million will be down by 0.25 percent, or $5,400, compared to 2013.
The general fund, for instruction and support services, is up by 4.68 percent, with an additional $170,500, for a total of $3.81 million, compared to $3.64 million in the audited accounts for last school year. The school had budgeted about $3.81 million last year.
Curriculum funding of $1.86 million for 2013-2014 is up $41,700 or 2.3 percent. Support services funds of $1.52 million for pupil and staff services and for administration is up $90,700 or 6.4 percent.
Expected revenues for the general fund are $3.59 million, down $2,900 compared to last school year. General state aid makes up $2.17 million, $5,400 or 0.25 percent less than in 2013-14.
Special project funds will ride out the new school year with $345,600, down by $33,900, or 9 percent, compared to last year. Debt service funds are up by $3,000, from $490,100 to $493,100. The food service fund will be down $6,400 to $156,900.