(KTNC) - Increased property valuations will mean a significantly lower property tax levy for patrons of the Johnson-Brock School District. The Johnson-Brock School Board approved the budget and property tax levy during Monday’s meeting.
The board approved a total budget of expenditures totaling just over $3.4 million for the 2012-2013 fiscal year.
An increase of more than 30-million dollars in property valuations in the district will result in a tax levy that’s nearly 20-cents lower than last year. The total levy requested this year by the Johnson-Brock School District is 89-cents per $100 of assessed valuation. Last year’s levy was $1.08.
Superintendent Jeff Koehler says the levy for the General Fund is 80-cents, the Bond Fund levy is five cents, and the district is including three cents for a Special Building Fund levy so the district can set money aside for future maintenance and repair needs. (play audio :26)
Koehler says the higher property values combined with the lower levy will allow the district to meet its budget needs. (play audio :44)
In other business, the Johnson-Brock School Board accepted the resignation of Industrial Technology Teacher Scott Versch, effective at the end of the first semester. The board offered a contract to Landon Mackey to teach Industrial Technology effective January 3rd.
Koehler says student enrollment in the Johnson-Brock School District is holding steady, with 278 students enrolled this year. That includes 23 students in this year’s Kindergarten class.
© MSC News
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