Property Tax Implications of the Madison School District 09/10 Budget Deficit

Madison Superintendent Dan Nerad [100K PDF]:

The 2009-11 State of Wisconsin Biennial budget created two issues for the Madison Metropolitan School District as it relates to the 2009-10 budget. The two main issues are from a reduction in the amount of revenue the school district is projected to receive in 2009-10 and a reduction in the amount of state aid the school district is projected to receive in 2009-10.

The amount of revenue the district is projected to lose amounts to $2,810,851 for the 2009-10 school year compared to the preliminary budget approved by the board of education, This amount is due to the decrease in numerous categorical aids the school district receives annually and the reduction of the per pupil increase from $275 per child to $200 per child.

The amount of state aid the school district is projected to lose is in 2009-10 is approximately $9.2 million, Under current revenue limit laws, for every dollar of state aid lost, the school district would have the ability to increase taxes by that same amount. Over the past month, administration has worked to mitigate the tax impact due to the loss in state aid.

Posted by Jim Zellmer at August 10, 2009 1:14 AM
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