Referendum fuels hike in NOSD tax rate

The $14.95 million referendum approved by Northern Ozaukee School District voters last spring is largely responsible for a 37-cent hike in the equalized tax rate for the 2018-19 school year, officials said Monday.

The School Board on Monday approved a $15.9 million expenditure budget and a $6.59 million tax levy for this year, an increase from last year’s budget of $15.15 million and levy of $6.09 million.

The expected tax rate of $10.43 per $1,000 equalized valuation reflects a 4.48% increase, or 37 cents.