The table details the impact of adopted school budgets for the 2011/12 school year. Each of the eight schools in the region is shown with its current and adopted spending plan (with total dollar value increase or decrease), the current and expected tax levy (with total dollar value increase or decrease) and the current and expected tax rate (with percentage change).
• Local school boards have adopted their spending plans for the 2011-12 school year, which will be presented to district taxpayers over the next week in public hearings. The budget vote is set by the state to take place on Tuesday, May 17, from noon to 8 p.m.
• Tax levy is determined by the amount of money needed by the district once the estimated revenues are subtracted from the overall budget. Many local school saw a sharp decrease in revenues due to a reduction in state aid.
• Tax rate is determined by the amount paid per $1,000 assessed property value. It is based on current assessed property values within the specific school districts and estimated revenues for the upcoming school year. Annual assessments are filed by July 1, so current rates are estimated. Finalized tax rates are usually set in August by school boards.