School district holds mill levy hearing
The Rugby Public School District’s mill levy is expected to increase by 5.66 percent, at least on paper.
At a mill levy presentation in the Rugby High School library last week, Superintendent Mike McNeff explained that individual property owners won’t see the school’s portion of property tax bills increase by that amount.
“It’s not in all actuality what we’re going up,” McNeff said. According to the presentation, on a home valued at $100,000 the school portion would be $542.25, up $7.07 from last year. The number is an increase of less than two percent.
To calculate the tax increase, the mills levied from last year are taken and the same amount of revenue as the present year is calculated minus land growth and new construction.
McNeff said the beginning balance in the district’s general fund for fiscal year 2017 would be over $1.34 million, which would represent 16.22 percent of projected expenditures.
The general fund is expected to incur more than $7.36 million in revenue, due to foundation aid payments as well as increases in local funding due to the taxable value of land increases.
The district’s general fund is expected to incur over $7.3 million in expenditures. Salaries and benefits are expected to be the biggest expenditures, with teachers at nearly 49.9 percent of expenditures, administrative staff at nearly 8.2 percent, ancillary staff at nearly 13.7 percent and extra-curricular staff at over 4 percent.
At the end of the fiscal year, the general fund’s balance is expected to be at just over $1.4 million, or 19.18 percent of projected expenditures.
The district is levying a total of 120.5 mills, 60 comprise the general fund, 10 is the school board’s discretionary levy, 12 is a miscellaneous levy.
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