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Use of fund balance will cause decrease in tax levy

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The Somerset Board of Education recognized the current difficult financial times and took a one-time step to lower the tax mill rate for the 2008-09 school year for Somerset School District residents.

By using $240,000 from the District's fund balance, the tax mill rate and tax levy will decrease this year.

The tax levy for the District for the 2007-08 school year stood at $7,859,637. This year's levy will be $7,772,015, a decrease of 1.11 percent.

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Dave Newman
Dave Newman has been the sports editor at the New Richmond News since 1988. He has covered the action in the Middle Border Conference, Dunn-St. Croix Conference and Big Rivers Conference for nearly 30 years.
(715) 243-7767 x242
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