GEORGETOWN — School officials on Monday approved a $2.87 million tax levy for the upcoming year that is expected to generate an additional $100,000 in revenue for the district.
Georgetown-Ridge Farm School Board members approved the levy, which represents about a 3.4 percent increase in revenues. Interim Superintendent Kevin Tate said the levy — the district's request for property taxes — is realistic, and would help the district meet expenses in a number of areas.
Tate said he expected the assessed value of property in the district to increase from about $58.7 million to about $59.7 million next year.
The current property tax rate for the district is about 4.72 cents per $100 of assessed valuation, and that is expected to increase by about eight cents to about $4.80 per $100 of assessed valuation. That would mean an increase of about $16 for the owner of a $60,000 house in the district with no exemptions, if property values remained the same.
In other business, Georgetown-Ridge Farm School Board President Cheryl Kestufskie said the board is reviewing the 19 applications from candidates interested in serving as superintendent for the district, and that board members plan to interview the top candidates in December and hire a new superintendent in January.