Tax levy increase, rate drops lower

Nov. 1, 2007

Residents living within the boundaries of the Fox Point-Bayside School District can expect a 2.87 percent increase in the property tax levy. At the same time, however, the tax rate is expected to drop by 1.82 percent.

The School Board approved a finalized 2007-08 budget of more than $10.7 million. The largest revenue source, the levy, is to increase $245,635, from $8,550,051 in 2006-07, to $8,795,686 for the current school year.

The levy is prorated based on the three governing entities that are served by the district: 72.6 percent of taxes will come from village of Fox Point residents, 25.4 percent from residents in the Milwaukee County portion of the village of Bayside and 2 percent from residents in the Ozaukee County portion of the village of Bayside.

Residents in 2006-07 paid $7.13 per $1,000 of property value. In 2007-08, the overall tax rate has been set at $7 per $1,000 of property value.

Over the past 10 years, the rate has been trending downward from a peak of $9.35 per $1,000 of property value during the 1998-99 school year.

The figures, which have been approved by the School Board, deviate slightly from those approved at the district's annual meeting a month ago. Preliminary plans called for a levy of $8,759,480 and a tax rate of $7.09 per $1,000 of property value.

A few details accounted for the change in the levy, District Administrator Gary Petersen said. Among them: a $36,206 increase in the revenue limit.

Several pieces of information came in since the annual meeting, including state aid and enrollment figures. While the board approved the 2007-08 budget and certified the levy prior to passage of the state budget by Gov. Jim Doyle, there are no further alterations planned, Petersen said.

"What we've received from (the state Department of Public Instruction) on the 15th (of October) is what we'll receive," Petersen said. "Since we're not experiencing a decline in enrollment, there really isn't much that would affect us."

Property taxes account for nearly 72 percent of district revenue. On the other side, salaries and fringe benefits are the largest expenditure, taking up the same percentage of the operating budget.

School districts throughout the state are required to submit their certified tax levies to municipal clerks by Tuesday, Nov. 6.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.

Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Homestead teacher is stepping down under deal Updated:  03:21 PM

» River Lane Inn in Brown Deer sold to Pastiche owner Updated:  11/25

» Whitefish Bay Holiday Stroll coming on Friday 11/25

» Bomb squad examines grenade found in Brown Deer house 11/25

» Inspired by Popp, Homestead seizes fifth state football title 11/25

» Sport Shorts: Nov. 26, 2015 11/25

» Shorewood robbery suspects face charges 11/25

» River Lane Inn will become Pastiche 11/25

» Woodland champion Shorewood girls basketball team looks for third title 11/25

» Homestead girls basketball team has high expectations 11/25

» Highlanders rejoice over state football title 11/25

» Shorewood School District raises $1 million for STEAM programs 11/24

» Crews battle house fire in Brown Deer; 2 cats killed Updated:  11/23

» Cats, guinea pig die in fire 11/23

» Mequon woman reported missing 11/23

» Homestead wins fifth state football title, 28-12, over Waukesha West 11/20

» Build-your-own pizza place coming to Shorewood next year 11/20

» Shorewood families want to host Syrian refugees 11/20

» Updated state championship game rankings of area prep football teams and players 11/19

» Homestead football team faces uphill title fight against West 11/18

» Wolf and Zortman fill in each other's gaps well 11/18

» Apartments, assisted living pitched in Mequon development 11/18

» Mequon-Thiensville's Demond Means says MPS role won't interfere with his day job 11/18

» Hayes helps Brown Deer/USM swimming team set two program records 11/18

» Oak Leaf Trail extension links Milwaukee to Ozaukee County Updated:  11/18

View All Posts Got a tip? Welcome rss



Local Business Directory