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Niagara millage rate plummets

With debt retired, proposed school levy drops by 43 percent from a year ago

August 21, 2012
The Daily News

By MARGUERITE

LANTHIER

Staff Writer

NIAGARA, Wis. - Niagara taxpayers will see an estimated 43 percent drop in the millage rate for 2012-13.

The proposed rate of $6.65 per $1,000 of equalized value was approved at the annual meeting Monday. Last year's rate was $11.73.

The proposed levy is $925,890. The figures won't be finalized until October after the third Friday count and all state aid figures are available, according the Patti Hammill, the district's business manager.

The proposed budget has total revenues of $4,956,885, with a fund balance of $1,024,087 and proposed expenditures of $5,068,548.

Last year, the board made the decision to use part of the district's fund balance to pay off the referendum debt of $467,798 and the non-referendum debt service fund of $462,508, leaving the district debt free, which resulted in a large savings. Also, no capital projects are planned for 2012-13.

During the regular meeting preceding the annual meeting, the board approved a shared service contract with Pembine and Goodman. The contract with Pembine is for use of the school psychologist for up to five days each school year and the contract with Goodman is for use of the school nurse for up to five days each school year.

The board also approved bread bids from Sara Lee and milk bids from Gilbert Dairy. Several items from the kitchen were also sold to highest bidders, including a cooler for $1,000, a bread slicer for $539, a dishwasher for $500 and a steel table for $135.

Marguerite Lanthier's email address is mlanthier@ironmountaindailynews.com.

 
 

 

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