At the April 18, 2017 Regular Meeting, the School Board unanimously approved the 2017-2018 Proposed Budget in the amount of $96,566,075 with a millage rate of 23.93 mills, reflecting a zero mill increase for the community. Dr. Steinhauer stated, "With a careful and thoughtful budgeting process that included some significant reductions combined with a significant savings from the refinancing of some high school construction bonds, the District was able to balance the budget without a millage increase."
Earlier in the meeting, the School Board took action to approve a bond issue to refinance the 2009 Series A General Obligation Bonds which recorded savings of $7 million to the community. The savings will allow for reductions of debt service over the next four years plus funds for capital projects of almost $4 million.
To read more visit our Budget page.