During our annual meeting last month, community members
received a detailed review of the school district’s 2018-19 budget and at the
October 22, 2018 School Board Meeting, the Board of Education approved a levy
of $26,570,826, which supports a district budget of $89,505,581 – an increase
of 3.18% from the previous year. This levy will result in the school’s portion
of our property taxes remaining stable at $9.19.
In addition, the Board shared with community members the
proposed purchase of 10 acres of land directly in front of Bay Port High School.
After significant consultation with leaders in real estate, the community and
local businesses, the district formed a plan to move forward with an offer.
The source of funds for the purchase will come from two
sources:
·
$389,000
from the sale of surplus land
·
Approximately
$1.5 million from an assigned district account of which the funds are
specifically designated only for capital projects/purchases.