MPSD tax levy less than expected

MPSD tax levy less than expected
Posted on 10/27/2016
tax

MANITOWOC - Manitowoc Public School District’s Board of Education recently approved the 2016-2017 property tax levy at $19.6 million.

The tax levy is more than $500,000 less than what was projected when the board approved the school’s $74 million budget earlier in October.

Ken Mischler, director of business services for the school district, said at the time the budget was set Oct. 11, the board did not know certain information, like the revenue limit or equalization aid from the state.

Now, Mischler knows the school district will receive $30.6 million in equalization aid and $97,629 in computer aid from the State of Wisconsin, which adds up to be $539,833 more than was expected.

Because of the school’s revenue limit, the board needed to reduce the levy in proportion to the state aid the school will receive, Mischler said.

MPSD Superintendent Mark Holzman said: “In light of lots of changes in our school finance environment, equalized value, students and what our district has spent, we actually have been able to the utilize the $2 million that we have gotten from the referendum (approved by voters in 2015), but because of all kinds of other factors, our state is giving us a little bit more money and our taxes are now back to where they were prior to getting the $2 million.”

The levy rate per $1,000 of home value will be $8.376 for the 2017 tax year, a 6 percent decrease from 2016. This rate is the same as what it was in 2015, before voters approved three questions that allowed the school district to increase its state-imposed budget cap by a combined $2 million for three years.

Board member Dave Nickels said, “We are still looking at utilizing the entire $2 million from the additional monies that we were awarded through the referendum, we are just going to recover less in tax dollars for this tax season.”

The board unanimously approved the budget amendments and tax levy as it was presented by Mischler. Only Linda Gratz and Elizabeth Williams were absent from the special meeting Oct. 25.

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The above article was written by Alisa Schafer and recently appeared in the Herald Times Reporter.  For more education related stories, please visit www.htrnews.com.