NOSB to hold budget hearing in conjunction with Monday’s meeting
The proposed 2015-16 budget the Northern Ozaukee School Board will present at the district’s Monday, Oct. 19, budget hearing will include an anticipated 7.6% drop in the tax levy.
According to figures shared at the School Board’s Sept. 21 meeting, the anticipated school tax rate could drop to $10.90 per $1,000 of equalized property value.
Last year’s rate was $11.75 per $1,000 of property value.
“Nothing is finalized, but this is our best estimate,” said Board President Paul Krause.
The rosy budget picture is due, in part, to an anticipated $260,000 jump in state general aid.
The aid picture was expected to become clearer when the district’s third-Friday of September enrollment counts are accepted by the state Department of Public Instruction.
The board will hold its public hearing on the proposed budget at 6:30 p.m. in Room 424 of Ozaukee High School.
District officials noted the current spending plan is expected to come in under the approved $13.1 million budget.
Some of those savings came from the elimination of one administrative position and the replacement of several senior staff members with younger employees.
New administrative contracts will be finalized at Monday’s board meeting.