NOW:53051:USA01012
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01012
68°
H 68° L 68°
Partly Cloudy | 5MPH

Sussex School Board finalizes budget for annual meeting

Loss of state aid means bigger impact on taxpayers

June 4, 2012

Sussex - The Hamilton School Board approved a preliminary 2012-13 budget to present to district voters at the June 18 annual budget meeting.

The proposed budget totals $49.1 million. That figure represents a 1.66 percent increase over the 2011-12 budget. The district anticipates a 2 percent loss in state aid, shifting a greater share of district revenue onto the local property tax levy. District property owners bore a tax levy of roughly $30 million last year.

If approved by taxpayers, the tax rate would jump 28 cents per $1,000 of assessed property value over last year. This year's tax rate was $10.13 per $1,000 of assessed property value, while next year's proposed rate is $10.41 per $1,000.

The projected tax rate means the owner of a home assessed at $250,000 in the Hamilton School District would pay about $2,602.50 in support of the schools. Last year, a home valued at the same price paid $2,532.50.

Residents can learn more about the Hamilton School District budget on June 18 beginning at 6:15 p.m. with the annual budget hearing in the Hamilton Fine Arts Center, W220 N6151 Town Line Road, Sussex. The annual meeting begins at 7:30 p.m., where residents have an opportunity to vote on the tax levy.

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.

Local Crime Map

CONNECT    

Latest Photo Galleries