Briefs School Board

by Olivia Lueckemeyer

State buy-down of negative factor decreases mill levy assessment
At a meeting on Monday, June 1 the Fund 26 Review Committee recommended not to assess the full $2.5 million of mill levy override funds because of a state buy-down of the negative factor. Instead, the committee recommended that in 2016 it assess $50,000 less than planned to recognize the corresponding buy-down, and therefore also reduce the mill levy by the same amount.
Re1J business manager Stephanie Juneau agreed with the recommendation, as it will not affect the planned fiscal year 2015-2016 budgeted expenditures. RE1J board vice president Marilyn Krill noted that not assessing the full $2.5 million approved by taxpayers is an important precedent to set for future committees, as it ensures that the district will abide by its ballot language promise that it will not assess the full value unless necessary. The board will vote to approve the committee’s recommendation at an upcoming meeting.