The District is asking to exceed the revenue limit by $1,000,000 per year for 4 years.
The District has had a revenue limit override referendum since 2002 because operating costs continue to be higher than the revenue limit allowed by the state.
The District will have a projected budget deficit of $164,005 this school year.
The District continues to lose 15% in state aid every year. The District’s state aid in 2020-2021 is $11,689.
Without a revenue limit override, the District will have projected budget deficits of:
$164,005 in 2020-2021
$936,359 in 2021-2022
$1,218,829 in 2022-2023
$1,336,056 in 2023-2024
$1,452,106 in 2024-2025
The District will need to start borrowing money to meet operating expense and will be out of money before the end of 2022-2023.
The referendum will be used to maintain current academic programs and extracurricular opportunities for students.
The school mill rate decreased 37 cents to $6.47 in 2020-2021 or $37.00 on a $100,000 home.
The referendum would increase the projected school mill rate in 2021-2022 to $6.93 or $46.00 on a $100,000 home or $3.83 per month.
The projected school mill rate the first year of the referendum would be 41 cents lower or $41.00 on a $100,000 home than the school mill rate was in 2017-2018.
Three year FTE (full time equivalent) student count:
2018 - 308
2019 - 284
2020 - 280
Fund 10 revenue limit decreased from $3,966,615 in 2019-2020 to $3,688,542 in 2020-2021 for a loss of $278,073
