Franklin approves slight increase in school taxes

The Franklin School Board has adopted the school tax levy for 2018-19. Board members did so at their Annual Meeting of the Electors last month.

Levies were approved for operating expenses ($29,071,039), debt service ($4,652,906), and community education and recreation ($573,276).

The increase in the overall school property tax levy is 1.5%. For every $100,000 of assessed valuation the increase would be $17.70.

The above could change depending on the exact amount of school aid Franklin would receive from the state of Wisconsin. That information will be released in October.

The 1.5% increase is below the national rate of inflation.

Other notes from the meeting

The board approved a 2% salary increase for staff.

The board approved salaries for themselves at $4,000, the same as last year.

75% of the school budget goes to salaries and benefits.

Where does the school money come from? 51% from local taxpayers, 41% from the state.

3 thoughts on “Franklin approves slight increase in school taxes

  1. Pingback: My Most Popular Blogs (09/10/18) | This Just In… From Franklin, WI

  2. Pingback: My Most Popular Blogs – The month of September 2018 | This Just In… From Franklin, WI

  3. Pingback: Franklin schools get big increase in state aid | This Just In… From Franklin, WI

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