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No Tax Increase Expected For CV

The school district will be able to pull some money out of a rainy day fund to keep taxes level.

The doesn’t expect to raise taxes this year as officials put together the 2012-13 budget.

The school board unanimously passed the $52.823 million budget proposal and probably will vote on a final budget in June.

Nicholas Morelli, the district’s business manager, said they will be able to pull some money out of the rainy day fund to keep taxes level at 19.88 mills. He said they’re still “massaging” the line items and could make some changes over the next month.

“We are fortunate we have a nice tax base with a blend of residential and business,” Morelli said. “We’ve been able to keep millage (rates) lower for a number of years.”

, which Morelli said is mainly due to salary increases. He said the district probably will pull about $1.2 million from the rainy day fund balance to fill the revenue gap and prevent a tax increase.

A property owner whose home is currently assessed at $100,000 will pay $1,988 in school taxes next year. The countywide reassessment will not affect a property owner’s next school tax bill.

Morelli said the assessments most likely will impact how the district has to put together next year’s budget.

“The assessment issue is a hot topic with people filing appeals,” he said.

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Bill April 11, 2012 at 12:21 PM
The 1.2 million pulled from the rainy day fund is the exact amount spent on the lap top computers they gave away!
MD April 18, 2012 at 11:53 AM
School Taxes are like buying gasoline they are always going up,it's just a matter of when...Everybody stop property tax,get involved with tax reform House Bill 1776 and Senate Bill 1400. www.ptcc.us Let's make a CHANGE>>>>>>>
David lee May 18, 2012 at 02:55 AM
There is nothing more destructive to schools than the Teachers Union !
David lee May 18, 2012 at 02:56 AM
PS than the School Boards that support Using them as their Staff pool

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