NOW:53217:USA01012
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01012
18°
H 18° L -2°
Clear | 9MPH

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

» 'Project Runway' star, fiancĂ© mesh styles and make small Shorewood apartment work 2/26

» Construction begins on Shorewood Metro Market project 2/24

» Shorewood school superintendent is a finalist for West Allis-West Milwaukee job 2/23

» West Allis superintendent finalists hail from Shorewood, Greendale, MPS 2/23

» Wrong-way drunken driver arrested on I-43 2/23

» Germantown boys basketball team clinches outright NSC title 2/20

» Germantown girls basketball team wins 2nd outright North Shore crown 2/20

» Blood drive to be held in Brown Deer Monday 2/19

» North Shore schools proactive against potential measles outbreak 2/18

» One candidate eliminated in Fox Point Village Board primary 2/17

» Shaw, Kennedy will face off in Glendale mayoral race 2/17

» Cade, Cain advance in Shorewood School Board primary 2/17

» New Bayshore Applebee's will open Wednesday 2/17

» Shorewood teacher named Wisconsin VFW Middle School Teacher of the Year 2/16

» Shorewood girls basketball team stifles Brown Deer, 48-22 2/13

» Germantown girls basketball team clinches share of second NSC crown 2/12

» Fox Point-Bayside hosts referendum information sessions 2/12

» Brown Deer boys get defensive in beating Homestead, 65-55. 2/11

» Children's Hospital of Wisconsin plans new Mequon clinic 2/11

» My Community Now and Lake Country Now websites switch to Viafoura commenting 2/9

» Shorewood woman dies after jumping off Hoan Bridge 2/9

» Whitefish Bay girls overpower Nicolet on senior night, 56-34 2/7

» Cedarburg girls beat Homestead in battle for second in NSC, 53-42 2/6

» Standoff on Estabrook dam could come to head Thursday 2/4

» Shorewood man dies after shoveling driveway 2/3

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Local Business Directory

CONNECT    

Most Popular