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Prescott school levy to decrease

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PRESCOTT-Due to a projected increase in state aid, the 2012-13 school portion of the tax levy is expected to decrease by almost half a mill, even with the levy cap extension that was approved in November of 2012, which will take effect the 2012-13 school year.

Prescott's 2012-13 state aid estimate is slightly over $7,000,000, a projected increase of $885,000 over last year's state aid of $6,115,000. State aid is determined by the ratio of property value per student.

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