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.