Beaver Dam School Board Adopts Budget

10/30/17 – The Beaver Dam School Board Monday night adopted the district budget for the current school year. The $38-million dollar document includes a tax levy of $15.8-million dollars, up from $12.5-million. The proposed mill rate would be $9.99 cents per $1000 of assessed value, a increase of $1.84 from the last school year. The estimated impact of the $49-million-dollar referendum adopted last fall is 13-cents more favorable than previously projected at $1.55-per thousand. The district lost nearly $1-million dollars in state aid and as a result was able to take advantage of a one-time increase in its revenue limit, totaling roughly a half-million dollars.  Director of Business Services Anne-Marie Woznicki says by having both an increased revenue limit and a decrease in state aid, the district’s funding needs shifted to the tax levy. Woznicki says by using additional funds from the increased revenue limit, combined with investment earnings and bond premiums, the district was able to mitigate the levy increase and keep the mill rate below $10-per thousand. Equalized property values in the school district increased by 3.4-percent over last year’s valuation, compared to five-percent for both the Dodge County and the city of Beaver Dam. There was one speaker during last night’s public hearing. A teacher presented the school board with a survey on teacher satisfaction and encouraged the board to consider more consistent step increases for teacher salaries.