Redistricting group awaits $4M from state

PHILADELPHIA — The Indian River Board of Education at Thursday night’s board meeting approved a 2.6% increase to the tax levy limit of the last year. The move was part of ongoing discussions regarding the district’s 2021-22 budget.

Tax levies are the total amounts of property taxes school districts must collect to balance their budgets after accounting for all other revenue sources — including state aid. The tax levy is the basis for determining the tax rate for each of the cities, towns or villages that make up a school district.

According to the district’s business manager, Audrey Stevenson, the state’s tax cap limits the growth in the property tax levy to 2% or the rate of inflation, whichever is less, with some exceptions. Any proposed tax levy over the maximum allowable tax levy requires a majority approval of 60% to pass.

Last year, the district’s tax levy was $2.5 million. Before exclusions, the district’s tax levy limit for this year would be $1.396 million, a minus 44% tax levy from last year, according to Ms. Stevenson.

This tax levy will contribute about 3% to the IRCSD total budget. The remainder will be coming from the state, federal impact aid and other local sources.

Including various exclusions, the district is left with a tax levy of $2,572,935, a 2.6% increase from the tax levy in 2021. The tax levy was unanimously accepted by the board Thursday evening and was entered into the state’s website to meet the March 1 deadline.

As an Amazon Associate I earn from qualifying purchases.

Johnson Newspapers 7.1

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.