Beaver Dam School District Tax Rate May Be Lower than Initially Projected

Numbers aren’t final yet but the tax rate for Beaver Dam School District residents could end up being lower than initially thought. Business Services Director Andrew Sarnow had said earlier this summer that a worst case scenario would have the mill rate jumping to $9.45 per $1,000 of assessed value. However, due a number of factors the rate may jump just 4.1% from last years rate to $8.81 per $1,000 of assessed value. The budget presented to the school board last night also contained a deficit of nearly $600,000. Sarnow says they hope to use $350,000 from the American Recovery Act to take care of part of that debt, while the rest would come from the districts Fund Balance. Sarnow says he won’t have final numbers until October after the 3rd Friday of September count, determines how much state aide the district will get. The board also plans to have their public hearing on the budget during their meeting next month