Madison school board finalizes budget
Property owners' taxes will be less than projected
The Madison Metropolitan School District Board of Education finalized its 2012-2013 budget, and the final impact on residents' property tax bills is significantly less than the preliminary budget forecast.
The proposed budget indicated a 3 percent hike on the school portion of residents' tax bill. But after an increase in state aid, due in part to 4-year-old kindergarten numbers, the average home will only see school taxes go up about $8, or 1.75 percent.
"The board has been thoughtful and looking at a balance between responding to our community members by reducing what would have been the expected property tax levy and balancing that with really looking at our achievement gap needs," said Jane Belmore, interim superintendent for the Madison Metropolitan School District.
Belmore also said responsible one-time expenditures this year will add flexibility to next year's budget.
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