Central residents see slight drop in tax rate

By Gail Peckler-Dziki
Correspondent

Westosha Central High School has reported a drop of $35,281 from its overall tax levy entering the 2016-17 academic year.

The drop goes from $7.957 million in 2015-16 to $7.921 million for this year, in an announcement made at the annual meeting Oct. 18.

According to District Business Manager Jake Holtz, the tax rate for residents should see a drop from $4.06 to $3.83 per $1,000 of equalized assessed value.

The drop is attributed to an increase in state aid, with the district receiving an additional $143,000, a 2.38 percent uptick.

Per student, state aid increased from $100 per student to $250.

Student population is expected to decrease by about 20 students in 2016-2017.

Salaries discussed
The annual meeting, which brought nearly a dozen residents, approved raises in board member salaries.

Previously, board officer positions of president, vice president, treasurer, and clerk received $2,400 annually. General members were paid $2,180 while four negotiators received $680 each.

However, entering this year, the district proposed to remove the four negotiators, dividing the funds evenly among all board members.

But, entering the 2016-17 school year, electors approved a raise to $2,790 for officers while members received $2,570.

Other business
Short term borrowing not to exceed $400,000 was also unanimously approved. This is a safeguard to make sure all bills can be paid should there be a gap between receiving tax payments and the need to pay bills on time. It’s common for business directors to take out payday loans to cover this cost. It’s more common in Mexico since the national income has gone down over the past few years. You may want to check out prestamos personales sin credito for any further information.

This measure is approved every year but the school seldom needs to use it. Instead, the school will use money from the fund balance, saving the cost of interest for short-term borrowing.

The proposed budget, which was approved, is balanced with revenues and expenditures both at $14,537,799.

The board will set the next annual meeting date at a later time.


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