G-RF board unveils tentative tax levy
GEORGETOWN — School officials unveiled a tentative $3.12 million tax levy for the upcoming school year Monday and plan to adopt it formally next month.
Georgetown-Ridge Farm School Board members introduced the tentative levy, which is about $320,000 more than the current one. Superintendent Jean Henigman-Neal said the tax rate would have to increase to generate the additional revenue.
The current property tax rate for the district is about $3.83 per $100 of assessed valuation, and that is expected to increase to about $4.17 per $100 of assessed valuation. That would mean a difference of about $68 for the owner of a $60,000 house in the district with no exemptions, if property assessments remained the same.
Neal said the 11.4 percent increase was needed to help met the district meet its expenses in employee retirement payments, in transportation costs and with technological upgrades.
"The lack of state funding means we will rely more on local resources than before to pay for the educational services for our students and for our district's needs," Neal said.
The board will have a public hearing on the proposed tax levy at 7 p.m. Nov. 26.
In other business, Neal said none of the four district schools had enough students meet or exceed state standards in reading or math last year to meet goals for adequate yearly progress under the federal No Child Left Behind Act.