Beaver Dam Schools Adopt Preliminary Budget

7/11/17 – The Beaver Dam School Board Monday night adopted a preliminary budget for the 2017-18 school year. While there are still several unknown variables – like state aid and enrollment numbers – the preliminary document allows the district to move forward on a spending plan for the upcoming year and secure needed cash flow. The $48-million-dollar budget includes an anticipated tax levy of $14.9-million dollars, up from $12.5-million. The proposed mill rate would be $9.64 cents per $1000 of assessed value, a increase of $1.58 from the last school year with all of the increase attributed to the referendum adopted in the fall. Superintendent Steve Vessey noted that the projected mill rate is currently eleven cents lower than the $1.60-per thousand that voters were told to expect. The final budget is slated for adoption in October. The preliminary budget adopted last night assumes a $200-per pupil increase in state aid.