Stoughton Area School District residents age 18 and older can have a say in approving the district’s tax levy for the 2021-22 school year Monday, Oct. 25.
The annual budget hearing and elector meeting will take place at 6 p.m. at the board room in the Administration Building, 320 North St. The draft version of the budget, based on all information known as of Sept. 16, will be available for viewing at the administration building, as well as on the district’s website in the Stoughton Area Board of Education’s BoardDocs portal.
Electors will be able to vote on the proposed budget, which includes a tax levy of $24.5 million and a final budget of $40.2 million, with the other revenue sources including money transfers, $7 million in special education funding and $14.7 million in general state aid and $2.2 million in federal aid, which is more than twice what the district received the year prior.
The district’s property tax levy will decrease slightly from the year prior because of the 2021-23 biennial budget – which was drafted by the Republican-led state Legislature and signed into law last month by Gov. Tony Evers – includes no increases in per-pupil levy that district can tax locally. The levy is expected to drop by 4.39% from $25.5 million in 2020-21.
The equalized mill rate will drop nearly 10.7% from $10.39 to $9.29. A lower mill rate, which is what an owner is charged per $1,000 in property value, doesn’t necessarily mean a smaller tax bill, but it’s more likely to be a reduction from the previous year if the property value stays unchanged or decreases.
For information about the budget hearing and annual meeting, visit stoughton.k12.wi.us.
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