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South Madison trustees review budget outlook as state funding and insurance costs rise
Summary
At an Aug. 21 work session the South Madison board reviewed a preliminary budget showing state aid as the district's largest revenue source, an advertised property-tax levy target, changes to a state textbook reimbursement line item and mounting self‑insurance claims that could pressure future budgets.
At a budget work session Aug. 21, the South Madison Community Board of School Trustees heard a detailed overview of the district’s revenue outlook, including state funding totals, a proposed property‑tax levy to advertise and mounting health‑insurance claims that district staff said will affect future budgets. Mr. McCarty, a district staff member who presented the financial overview, said state average‑daily‑membership funding continues to be “by far and away the biggest revenue source” for the district.
The presentation matters because those revenue projections set the upper bound for what the district can lawfully advertise and seek to collect in property taxes and drive planning for salaries, transportation and capital work. Mr. McCarty told trustees the district received $31,391,000 in state support based on a count of 4,528 students; he said staff will advertise a property‑tax levy of $5,971,000 as part of the budget process.
Board members and staff…
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