Local taxpayers received good news when the Sheboygan Area School District held its annual budget presentation on October 25 at 7:00 p.m.
The Sheboygan Area School District will receive $3,994,513 more in state aid over last year’s amount, which means local taxpayers will see an 8% decrease from last year’s levy. This is the second straight year school tax rates will decrease for local taxpayers.
“When state aid increases, the local property tax levy decreases’ said SASD Superintendent Dr. Joseph Sheehan. “What’s important for everyone to realize is the district receives no additional money with the increase in state aid. State aid funds are used to reduce the local taxes that are levied by the District.”
Property owners in the Sheboygan Area School District will see a 99 cent decrease in the tax rate per $1,000 of property value, which also equates to an 8% decrease from last year.
As many of you know, the District has placed a $29 million facilities referendum on the November 8 ballot to fund additions and renovations of learning spaces, safety and security upgrades at all schools, and building system and infrastructure improvements. Sheehan emphasized, “The impact of a successful referendum would be a 4 cent increase to the tax rate. This would change the 99 cent decrease of the tax rate to a 95 cent decrease.”
The additional state aid is coming to Sheboygan because the district is below the state average in property value. The district’s equalized property value grew by 0.29 percent, the first time in seven years that the property value increased. However, the growth is below the state average of 3%, resulting in the additional general state aid.
Some other important facts:
- The tax levy for the 2016-17 school year is down to the same level as the 2008-09 school year.
- $445,409 of the District’s tax levy is used to fund the State private school voucher program.
- The total budget for the district has only grown a total of 1% over the last four years.
Click here to view the budget presentation