Baraboo School District projects 5% budget increase, no rise in local taxes
The Baraboo School District is projecting this year’s budget to be almost 5 percent higher than last year, but it will still be balanced, according to Yvette Updike, director of business services.
According to her preliminary numbers, the district’s revenues and expenditures will be $33.49 million for 2018-19, a $1.54 million increase over last year’s $31.95 million budget.
The rate at which homeowners are taxed, however, will be the same as last year with a mill rate of $9.25 per $1,000 of equalized property value. That translates to a bill of about $1,387.50 in school-related property taxes for the owner of a $150,000 home. Updike also expects the tax levy to remain the same as last year at $15 million.
Several factors could affect the current projections, including enrollment and final state aid numbers, which won’t be finalized until Oct. 15, Updike said. The final budget will be approved at the annual meeting Oct. 29.
Updike presented the school board with a budget update at the Sept. 24 meeting.
She said student enrollment is looking good this year, though the official tally won’t be ready until later this week.
“We’re projecting to be very stable to past years,” she said.