Proposed Final 2023-24 General Fund Budget Posted for Public Review

Proposed Final 2023-24 General Fund Budget Posted for Public Review
Posted on 05/23/2023
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The School Board, on Monday, May 22nd, approved a Proposed Final General Fund Budget for the 2023-24 school year. This budget is now posted on the Fiscal Year Operating Budget Information page for public review. Below is a summary of the budget. Approval of the final budget for the 2023-24 school year will be voted on by the School Board at the June 26th meeting, which will be held in the High School Auditorium at 7:30 pm.   




Budget Summary:

Total Expenditures: $51,782,260

Total Projected Revenue: $47,107,270

               Revenue from local sources: $25,029,992

Revenue from state sources: $19,211,478

Revenue from federal sources: $2,865,800

Spending from fund balances: $4,674,990  

Local Tax Rates

  2022-23  2023-24   Percentage Change in Rate Index (Maximum increase allowed by state law)   Less or Equal to index
Real Estate Taxes   14.3500 Mills  14.5653 Mills  1.51%  5.4%  Yes
 Per Capita Taxes, Section 679  $5.00  $5.00  0%  5.4%  Yes
 Act 511 Per Capita Taxes  $5.00  $5.00  0%  5.4%  Yes
 Act 511 Earned Income Taxes  1.20%  1.20%  0%  5.4%  Yes
 Act 511 Real Estate Transfer Taxes  0.5%  0.5%  0%  5.4%  Yes


The full budget document can be found on the Fiscal Year Operating Budget Information page.