The St. Croix Central School District held its annual meeting July 24, where the citizens of the district approved a tax levy of $6,723,309 and a 0.01129413 mill rate.
The tax levy saw a decrease of 0.41 percent from last year, while the mill rate dropped from 0.01156790 last year.
Last year's mill rate was $11.57 per $1,000 of property value, whereas this year's will be $11.29 per $1,000. For a $200,000 home within the school district, that would mean a $56 drop on a resident's property tax bill. However, those numbers could change when the final property value numbers become available in October.
The district's revenues are expected to increase by 3.34 percent in light of increased state aid projections and an increase in the number of students enrolled in the district through open enrollment in the district's virtual online charter school. Expenses are also expected to increase next year due to a wage increases (2 percent) for faculty and staff, the hiring of additional staff members, and the increases in insurance premium costs (12 percent). That increase is projected to be around 3.6 percent.
The electorate also approved the authorization of the school board to make temporary loans to meet obligations incurred up to $600,000, as well as to purchase supplemental student accident insurance for all pupils 4K-12 from First Agency, Inc., in Kalamazoo, Mich. Those assembled also voted to approve the authorization of the school board to lease property, buildings and equipment not needed for school purposes. The board of education's compensation and expense reimbursement was also approved.
The board's final approval was to set next year's annual meeting at 7 p.m. on the fourth Monday of July.