Platteville Public Schools residents will vote on a 2016–17 budget and tax levy that will mean smaller property tax bills for PPS property owners at the school district’s annual meeting Monday night.
The school district’s 2016–17 operating budget of $16.867 million is 1.22 percent more than last year. The school district’s property tax levy is down 3.22 percent because of a $150,250 increase in categorical state aid, a provision of the second year of the state’s 2015–17 budget. Equalization aid also increased $354,786, leading to a decrease of nearly $248,000 in the school district’s property tax levy, when other revenue changes are added.
As a result, adding $1.27 million in debt service tax levy and $600,000 from district reserve funds for construction as last year, the mil rate is estimated to be $10.27 per $1,000 assessed valuation, down from $10.86 per $1,000 last year.
The owner of a $150,000 house in the school district will pay $1,540.50 in school taxes, down from $1,629 last year.
Budget spending includes almost $240,000 less in supplies, purchased services and equipment and capital goods, which were part of the building project financing. The budget includes almost $125,000 more in special education spending, because some special education students moved into the school district in the past school year.
The Platteville School Board will hold a meeting in the Platteville High School library Monday at 7 p.m., before the budget hearing at 7:30 p.m. and the annual meeting at 8 p.m. in the PHS auditorium.