Good news for Prescott taxpayers, studentsThis year’s school tax levy is approximately $275,000 less than last year’s levy, even with the new levy cap override, which takes effect this year.
By: Roger Hulne , Pierce County Herald
PRESCOTT--This year’s school tax levy is approximately $275,000 less than last year’s levy, even with the new levy cap override, which takes effect this year.
The $340,000 increase in the levy cap, combined with $260,000 in budget cuts for 2012-13, put our school on firm financial footing to ensure quality programs for our students.
The decrease in the tax levy is due to an increase of over $900,000 in state aid. While almost two-thirds of the state’s schools lost state aid, Prescott gained due to the state funding formula, which is based on the number of students per property value.
Our increasing enrollment, along with a decline in property values, increased our state aid. Under the state imposed revenue caps, this increased aid requires adjusting the property taxes downward.
It is great that we have needed funds from the levy cap override to provide quality programs for students while lowering the tax levy. We pledge to continue making the wisest use of our tax dollars to serve our students and community.
Roger Hulne is the Prescott Superintendent.