continued As for the tax cap, Bower estimates that the state would allow a $496,742 maximum increase this year. But that number is preliminary, since the state calculates the maximum tax increase with an eight-step formula.
“We don’t know at least six of those steps right now,” Bower said.
The tax levy for the 2011-12 school year is $18,295,387.
The school district invites taxpayers to attend its public budget hearings and announced the budget-planning schedule on Feb. 1, when the process was officially kicked off.
Here is the rest of the schedule:
Feb. 15: Budget Workshop at regular BOE meeting
March 1: Submit information to calculate Tax Levy Limit on Office of State Comptroller’s website
March 7: Second Public Budget Forum and budget workshop at regular BOE meeting
March 21: Budget Workshop at regular BOE meeting
April 20 (Latest Possible Date): Adopt 2012-13 meeting at special BOE meeting
April 21 : Districts Must Transmit “Property Tax Report Card” to SED
May 1: Budget booklets and required attachments distributed
May 8 : Public Hearing on the Budget
May 9: Deadline for Mailing “Budget Notice” (6 days before vote)
May 15: Annual Budget Vote and School Board Election