10/28 West Bend School Board to Finalize Annual Budget

There will be a regular scheduled meeting tonight for members of the the West Bend School Board.  One of the main agenda topics at tonight’s meeting will be the board’s certification of the 2013-14 tax levy. At tonight’s meeting the School Board will most likely approve the district’s final budget of $115.89 million for 2013-14. The tax levy of $38.17 million will also be approved. While the tax rate will go up, from $8.62 per $1,000 of assessed home value to $9.17, the increase isn’t because of the district budget, but instead it’s related to last year’s $22.8 million referendum. In last year’s November election, voters approved the referendum and to pay for additions to Silverbrook Middle School and Green Tree Elementary School. According to West Bend School District Superintendent Ted Neitzke, the increase in the tax rate is due to the debt for those projects. However, because the district was able to secure a low interest rate they will be able to pay off that debt in a shorter amount of time, estimated to be at just 15 years. The board will also be discussing the guaranteed maximum price for the construction projects underway at Silverbrook and Green Tree middle schools. As of the latest report,  both  projects are currently under budget.  To make sure the district can bank any extra money saved from those projects without jeopardizing its state aid, the board will be approving tonight a resolution requesting that both STATE Senator  Glen Grothman and Representative Pat Strachota draft legislation to change current state laws to allow school districts to establish trusts to pay for future projects and not have it impact the aid they receive from the state. Tonight’s West Bend School board meeting will begin at 7 p.m. at the Education Service Center on South Main Street.
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Topics : Education
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