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Sun Prairie Area School District proposes $93.9 million tax levy; mill rate set at $10.21 for 2526 fiscal year
Summary
Matt Clark, director of business and finance for the Sun Prairie Area School District, told the board the district is proposing a $93,906,896 tax levy for the 2526 fiscal year and that the mill rate will be $10.21.
Matt Clark, director of business and finance for the Sun Prairie Area School District, told the board the district is proposing a $93,906,896 tax levy for the 2526 fiscal year and that the mill rate for 2526 will be $10.21.
"I'm here talking about the, 2526 tax levy that is up for, the board's vote and hopefully approval, again, for the 2526 fiscal year," Clark said, describing the levy as part of the budget approval process.
Clark said the levy is about $860,000 higher than the number presented at the district's annual meeting, and he linked the change to a drop in expected equalized state aid. He attributed that drop primarily to the state budget decision not to increase the state aid bucket and to late financial statements submitted by other districts to the Department of Public Instruction (DPI), which affected the aid estimates.
The presentation included five attachments: the 6590 budget format showing budgeted numbers by fund and function; a five-year state-aid history; a municipality-level equalized-value breakdown; a municipality share table; and a 10-year mill-rate history. Clark pointed to the attachments as context for the levy proposal and for taxpayers seeking to understand how school taxes appear on property bills.
Clark said the district's total equalized value, as shown on the revenue limit worksheet referenced in his presentation, was $9,000,000,001.98 and that the total equalized value change from the previous year was an increase of 7.88 percent. He said the district's total levy is expected to increase 8.45 percent and that the mill rate will increase by about five cents from the prior year.
Clark noted the mill rate communicated to the public during referendum planning was $10.74 but that the final presented mill rate for 2526 is $10.21. He invited board members and members of the public to review the attachments and contact him with questions.
The transcript records Clark presenting the levy and related materials but does not include a board motion, a seconder or a recorded vote on the levy during the excerpt provided.
