New London School property tax levy drops $2.39 per $1,000 valuation
By STEPH TAHTINEN
Mt. Pleasant News
NEW LONDON — With no comments from the public at Thursday night’s public hearing, the New London Community School District approved a fiscal year 2014 budget with a drop of $2.39 per $1,000 taxable valuation in property taxes.
The 2014 budget shows a tax rate of $14.83527 per $1,000 in taxable valuation. This is a decrease of $2.38651 from the fiscal year 2013 rate of $17.22178 per $1,000 in taxable valuation.
This means that a resident will pay $741.76 in property taxes to the school district for a property with a taxable valuation of $50,000 — almost $120 less than the $861.09 the property owner paid in fiscal year 2013.
Although the taxes are going down for New London residents, for the school district this lower tax rate decreases property tax revenue. The budget approved Thursday lists tax revenue at $1,512,228, which is a decrease of $163,683 from the 2013 tax revenue of $1,675,911 in fiscal year 2013.
Total revenues for the 2014 budget are listed at $9,052,818, which is $1,147,104 less than the total revenues of $10,199,922 from fiscal year 2013.
Total expenditures are listed at $6,916,363 for fiscal year 2014, a decrease of $1,124,007 from the $8,040,370 expenditures in fiscal year 2013.
The beginning fund balance is listed at $2,159,552. The ending fund balance is listed at $2,136,455.
The board also held two executive sessions Thursday night — one to discuss negotiations and draft a proposal for the New London Education Association, and the second to discuss the evaluation of Superintendent Steve McAllister. No motions were made on either of these sessions.
In other business Thursday night, the board:
• Approved a resolution to request an early start date of Thursday, Aug. 22 for the 2013-2014 school year.
• Approved the list of seniors graduating in 2013.
• Approved high school girls’ soccer and co-ed bowling sharing agreements with Mt. Pleasant Community High School.
• Approved the following personnel changes: Appointment of Dana Noble as kitchen custodian and Brad Helmerson as head high school football coach; retirement of Gary Schweitzer, bus driver; resignation of Aimee Lamker, special education teacher, and Brad Helmerson, assistant high school boys basketball coach; non-renewal of Amy Krieger, fifth grade elementary classroom.