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Finance officer previews budget, recommends raising income limits for senior/disability exemptions; warns of pilot revenue growth
Summary
Business officer recommended another $5,000 increase to sliding-scale income limits for senior/disability exemptions (modest immediate fiscal effect) and reviewed budget timeline, state aid estimates and a sharp rise in pilot revenue to monitor in the tax-cap calculation.
Maureen (business office) briefed trustees on several budget items during the work session: a one-page analysis of prior increases to income limits for senior and disability property-tax exemptions, the district's budget timeline and newly released state aid estimates.
She reported that the last increment to income limits shifted approximately $229,000 in assessed value off the exemption roll, which she calculated would…
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