Residents in Newton school district to see tax increase

  Comments (...)
Text Size: AaAaAaAaAa

The Newton Community School District Board of Education met with district principals and administrators Monday night for a budget planning work session. Among hot topics discussed were the cash reserve levy, district facility usage ideas and potential program or staff reductions.

According to figures given by Gayle Isaac, director of business services, property taxes for Newton residents likely will raise in the coming fiscal year by about $32.14 with a cash levy reserve amount of $900,000.

“We definitely need a healthy fund balance to address some of those needs that are unplanned,” Isaac said, citing the possibility of unforeseen circumstances and expenditures.

In 2012, a home with an assessed value of $100,000 has a taxable value of $45,000. With a levy rate of 16.24, property taxes currently stand at $730.70 for the school portion of homeowner. However, 2013 figures for that same home have raised to an assessed value of $106,500 and a taxable value of $47,925. Therefore, even with a lower levy rate of 15.92, property taxes for that homeowner would increase to $762.84.

“It’s important that we’re frugal, it’s important that we’re responsible, it’s important that we provide services to our kids, but it’s also important not to take the public on a roller coaster ride with our levy rate,” Superintendent Steve McDermott said.

In order for homeowners to pay roughly the same as they do in the current fiscal year, the cash reserve levy amount would reduce drastically to $425,000, giving a levy rate of 15.24 and a property tax amount of $730.43.

On the subject of utilizing various district buildings, Emerson Hough again became a main talking point. Currently, the former elementary school houses the 3- and 4-year-old preschool programs as well as some administration. Other possibilities include relocating Central Office to Emerson Hough or even moving Basics & Beyond students into a wing of the building.

According to information from McDermott, there are more pros than cons of moving Central Office — which currently is housed in the Fred Maytag home — into Emerson Hough. The former elementary is ADA compliant, has improved security, offers a central location in the community and would offer improved functionality for administrators as their work spaces would be better connected. On the flip side, the Maytag home offers heritage, is close to the Annex, offers ample parking and has fewer interruptions due to not being in a school setting.

Previous Page|1||

Comments

Total Comments
0

View/Add Comments

There have been no comments made about this story.


Newton Daily Deals Email:

National video

Reader Poll

Do you believe the "Buffet Rule" would help reduce the deficit?

Yes
No
No - The money would be spent on program funding