The South Butler School Board is considering a possible tax increase to help offset an anticipated deficit of nearly $2 million for the 2016-17 school year.
Director of Business Affairs Paul Slomer, Jr. presented the latest figures to the board during a meeting Wednesday. South Butler’s budget includes $36.5 million in expenses. This figure includes an increase in state pension contributions as well as capital project expenses that had to be pushed from this year because of state budget uncertainty.
The board will choose between plans with no tax increase, a 1-mil increase, a 2-mil increase and a maximum increase which is almost 3-mils. The current tax rate in the district is 93.275 mils and the value of 1 mil in South Butler is almost $170,000.
Balancing next year’s budget without any tax increase using money from the general fund would leave that account with just over $4 million in it.
South Butler school board members will vote on the preliminary budget at their next regular monthly meeting on Wednesday (5/11) before final approval is given in June.
Written By: Ryan Saeler
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