Residents of the Menomonee Falls School District can expect a lower tax bill as the levy - which includes a 0.4 percent decrease - was approved at the annual meeting Monday night.
About 25 residents approved the total levy of $38,282,890 for the 2012-13 school year. Despite a projected 15 percent decrease in state aid for the 2012-13 school year, the mill rate will be decreased $0.05 per $1,000 of property value. The mill rate will be $11.42 per $1,000.
According to Business Manager Jeff Gross, a property owner with a home valued at $200,000 would see a reduction of $9.17. The property owner would pay $2,285.52.
This is the second year in a row the levy was lowered in the Menomonee Falls School District. For the 2011-12 school year, it was lowered by 1.96 percent.
Total expenditures in the district are down 1 percent. The transition to a self-funded insurance plan and reducing things such as energy and transportation costs helped the district come to a balanced budget and lower levy.
The Department of Public Instruction estimated Falls will receive $8,292,236, a 15.14 percent decrease in general aid for the 2012-2013 school year. State aid numbers are finalized in October.
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!
- School District of Menomonee Falls happy with ACT results
- Falls on the Riverwalk seeks to replace former Associated Bank building with apartments (8)
- Menomonee Falls School District names new communications director
- Chicago duo face nine counts of credit card fraud after CVS purchases
- News & Notes: Aug. 27, 2015
- Menomonee Falls Police Reports: Aug. 27, 2015
- Former professional fighter takes Menomonee Falls-based business to next level
- Menomonee Falls world language department uses application, receives regional attention
- Menomonee Falls, Germantown among best places to live
- Menomonee Falls Business receives WIA People's Choice award