The South Eastern School District passed a proposed final budget this month and will aim to adopt the final budget in June with a property tax increase of 1.5 percent.
The school board voted to approve the proposed final budget at its May 15 meeting. The $49.7 million budget initially included a 2.1 percent tax increase, but the board voted in that same meeting to cap the increase at 1.5 percent, said business manager Mary Childress.
With that board decision, the final budget will most likely be lower than $49.7 million, Childress said. And with the increase of 1.5 percent, taxes will rise by 0.3 mills to 21.8 mills. That increase will be about $48.38 for a person with a property valued at $150,000.
The district anticipates a deficit of $500,000 this year, which will be covered by the district's savings set aside to help cover rising retirement costs, Childress said.
There are a few aspects of the budget that still aren't finalized. The district is in contract negotiations with its professional staff, and the list of retirements has not been finalized, Childress said. Any large changes would be adjusted before the final budget is passed.
The budget does not have any program cuts, she added.
Because the state budget is not finalized yet, Childress said she did not include any increase in state funding. If any increases would pass, Childress would be able to adjust the budget accordingly.
The board will vote to adopt the final budget at its Thursday, June 19, meeting.
— Reach Nikelle Snader at email@example.com.