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Florence school OKs budget

September 25, 2012
The Daily News

By MARGUERITE

LANTHIER

Staff Writer

FLORENCE, Wis. - The Florence County School District held its annual meeting Monday and approved a tentative budget for 2012-13.

The budget includes projected total revenue of $6,418,159 and projected total expenditures of $7,019,738. The mileage rate was approved at 8.3367, which is slightly higher than last year's figure of 8.2196.

Final figures won't be available until October after the district has its Third Friday pupil count and receives final aid amounts, according to Edie Tiechert, the district's business manager.

A report compiled by Tiechert, showed 63.4 percent of the district's revenue comes property tax revenue compared to 41.4 percent state wide. School districts have no control over tax assessments, which are determined by the state.

Niagara relies on 28.8 percent of its revenue from property tax revenue, but receives 61.2 percent from state aid. Florence receives 23.6 percent from state aid. Wausaukee, a district of comparable size, receives 75.3 percent of its revenue from property taxes. Goodman-Armstrong Creek and Beecher-Dunbar-Pembine School Districts also receive the majority of their revenues from property taxes at 64.9 percent and 73.3 percent respectively.

Florence has accessed equalized property valued at $598,773,400, compared to $134,781,300 in the Niagara district, $120,552,900 in the Goodman district and $270,833,400 in Pembine. But as the tax assessment increases, the mileage rate decreases, Tiechert said.

Florence was comparable with other area districts in the amount spent per pupil, at $14,332. The state average was slightly less at $13,020. Niagara spent $15,093 per pupil; Wausaukee was a $14,623, Goodman at $15,505 and Pembine at $17,036. The figures used were from the 2010-11 budgets.

The district's audited budget for 2011-12 showed revenue of $6,536,030 compared to $6,481,053 that was budgeted and expenses of $6,911,054 actual compared to $6,894,112 budgeted. Adding in the 2010-11 sales tax of $191,760 the district lost $183,263. The addition revenue came from addition E-Rate money at $42,953, transportation aid of $3,171 and money from the Microsoft settlement of $26,997.

This year the district will no longer have the county sales tax revenue to offset property tax assessment from the referendum.

Marguerite Lanthier's e-mail address is mlanthier@ironmountaindailynews.com.

 
 

 

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