On Tuesday, November 5, in a Special Session meeting, the Board of Education passed a balanced budget for the 2013-2014 school year. Our district’s general fund expenditures went up only 0.16% from last year. "We can assure you that our school district is managing our resources wisely,” said Superintendent Dr. Joseph Sheehan.
The Board of Education also certified the tax levy in the amount of $39,092,366, which is a decrease of $364,825 or 0.92% from last year. The levy is the amount of revenue the district receives from property taxes. This is the second consecutive year the Board of Education was able to decrease in the amount of money from our local taxpayers.
Student enrollment is also an important factor in determining revenue. The official ‘third Friday’ resident enrollment count of the Sheboygan Area School District (SASD) is down only 10 students from last year, to 10,095 students. But for revenue purposes, a three year average of resident enrollment is used to determine state aid. The three year average enrollment for the Sheboygan Area School District increased 86 students from last year. Future enrollment projects show stable to steady enrollment growth.
Property values within the district also a factor into determining the mill rate. The equalized property value of the SASD decreased by 1.68%, which is the fifth consecutive year of decline. While the total levy by the SASD will decrease, when coupled with the decline in property values, the mill rate will increase $0.09 to $11.70 per $1,000 of property value. (Mill rates will vary based on your municipality.) So, some individual taxpayers will see an increase and others a decrease, but the overall funding from local taxpayers is less than last year.