At the May 20, 2019 School Board meeting, the Board approved the 2019-2020 Final Budget in the amount of $102,625,872, setting the millage rate at 24.79, a .47 mill increase over the 2018-2019 millage rate, utilizing $1,000,000 of the Fund Balance revenues. The millage increase translates into $47 a year for a home assessed at $100,000.
Of the .47 mills, the amount of the District's charter and cyber charter school obligations accounts for .37mills or $490,000 this year. The increase in contributions to the state retirement system (PSERS) is also reflected in an increase in the millage rate.
Included in the Final Budget is an increase in the number of counselors at the elementary schools from 3.5 to 5.6 counselors. This will provide each of the seven elementary schools with a dedicated counselor, eliminates the need to share counselors, and increases substantially the student to counselor contact time. For more budget information, visit www.mtlsd/budget