GEORGETOWN — School members have approved a $3.28 million tax levy for the upcoming year that represents just under a 5 percent increase from the current levy.
Superintendent Jean Neal said she based the proposed levy on the assumption that the equalized assessed valuation of all property in the Georgetown-Ridge Farm school district would increase by about $2 million, from about $58 million to about $60 million. Currently, the district generates about $3.13 million directly from local property taxes.
The preliminary levy approved this week would generate about $3.27 million.
Last month, Neal said the increase was needed to offset expected reductions in state funding, to help close a $580,000 deficit in the education fund, and to raise money for curriculum expenses such as new textbooks. Neal presented the board with three options, the highest of which might have generated an additional $308,000 for the district, and members chose the most conservative option.
"All three of the options were solid," Neal said of the levy chosen by the board. "We will make it work."
In other business, Lisa Coburn was appointed to fill a vacant seat on the Georgetown-Ridge Farm school board. April Evans, who had served on the school board since February, stepped down last week because she will be moving out of the district.