THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
Peshtigo School Budget Meeting Set For Oct. 29
Issue Date: October 25, 2018
Electors at the 6 p.m. Peshtigo School District Annual meeting on Monday, Oct. 29 will be asked to approve a tax levy for the 2018-2019 school year that is up 13.18 percent from last year. Most of the increase is due to a larger than usual payment on the outstanding referendum debt. However, change in the tax rate could be very slight, due to closeout of the city's TIF district this year. Budget changes will be explained by District Administrator Patrick Rau at the budget hearing at the start of the meeting.
The total budget calls for gross expenditures of $15,106,015, up just 6.09 percent from last year's unaudited $14,238,281. Total tax levy for last year, the 2017-2018 school year, actually had dropped 8.9 percent from the year before. The debt service payment last year was only $406,450, compared to $803,750 budgeted for debt service this year.
Also on the annual meeting agenda are authorization for temporary borrowing if necessary; sale of school property such as furniture, equipment, etc.; authorization for the school board to provide milk and meals for students as well as furnish supplies, materials and other necessary resources (includign text books), and provide for prosecution or defense of any legal action of proceedings in which the district is interested.
At 6:30 p.m., or as soon as the Annual Meeting adjourns, the board will convene its regular monthly meeting to deal with whatever resignations, retirements, hirings, or other business may come up, consider accepting gifts or bequests of $250 or more, approve the Fund 10 levy, approve the debt service fund levy, authorize short term borrowing to meet operating expenses due to delayed state aid payment, and adopt the 2018-2019 budget and tax levy to support it.
Both the annual meeting and the regular meeting make provisions for public input.