Budget Update April 16: The School Board unanimously approved the 2018-2019 Proposed Final Budget of $98,208,314 with a millage rate of 24.33 mills reflecting a .40 mill increase, using $750,000 from the fund balance. The millage increase translates into a $40 per year increase in real estate tax for every $100,000 of assessed value for homes in our community. Action on a final budget is planned for the School Board meeting on May 21, 2018.For more information, visit www.mtlsd.org/budget.
2018-2019 Proposed Final Budget
Budget Update April 9: At the School Board meeting on April 9, 2018, the discussion among the Board determining the direction of the 2018-19 Budget centered on recommended changes to bring the millage rate down from .43 mills (March 19) to .37 mills. The reduced millage rate was due to staffing changes now that instructional staffing needs are almost complete. The Board discussed increasing the budget about $65,000 for safety and security solutions for our students. With that addition, a budget of $99 million was recommended for action on Monday night, April 16. That budget will include funds for the safety position with further discussion centering on criteria for the position.
The Board will be taking action on Monday, April 16 to approve a Proposed Final Budget with a .40 millage increase. The millage increase translates into a $40 per year increase in real estate tax for every $100,000 of assessed value for homes in our community. That Budget will reflect changes as may be directed by the Board between April and May.
2018-2019 Preliminary Budget