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Madison Local adopts tax budget; district says about 17 positions estimated to be affected in $3M reduction plan
Summary
The board adopted a tax budget showing total estimated revenues of about $15.26 million and a general fund estimate of $13.20 million. Administrators said the district is working to reduce expenditures by $3,000,000 and estimated 17 positions would be impacted.
The Madison Local Board of Education voted to adopt the district's tax budget and heard administrators describe the local financial outlook and expected staffing consequences as the district seeks $3,000,000 in reductions.
A presenter summarized the tax-budget figures required for the county budget commission: inside millage of 4.85 and voted outside millage of 50.42 for a total general-fund millage of 55.27, estimated to yield $13,198,568 for the…
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