Board preps budget for hearing
WOODSVILLE—School board members were told last week that they may need to raise an additional $1.6 million in revenue even though they have a mostly level-funded budget proposal for 2022.
Meeting on Jan. 11, board members reviewed a budget proposal that was $85,000 over the current year’s of $14,568,446. In spite of a nearly level-funded budget, the loss of current one-time revenues, including state adequacy funding, could result in a significant increase to the tax rate. As is, the increase is nearly $5 per $1,000 in assessed valuation.
But board members voted a series of changes, including relying on a potential $700,000 surplus, during the Jan. 11 meeting to reduce that by $2 per $1,000.