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BOYCEVILLE — The Boyceville Board of Education approved a mill rate of 8.768 with a local tax levy of $2,978,899 for the 2020-2021 fiscal year during the district’s annual meeting and budget hearing held Wednesday, October 14 in the high school/middle school IMC.
According an equalized value and levy history handout that was distributed during the budget hearing, property and home owners in the district can expect to pay approximately $8.77 per $1,000 in valuation over the next year, which represents a decrease of nearly ten percent over last year’s budget. In fact, the district’s mill rates have decreased in three of the past four years, and in four of the previous six years, including double digits decreases in 2017 (15.5 percent) and 2015 (14.5 percent).
Meanwhile, superintendent Nick Kaiser reported that the district’s equalized valuation took its second largest jump in 14 years as it increased by 5.8 percent to $339,743,671. Equalized values rose by 5.5 percent in 2015 and by 8.6 and 8.3 percent in back-to-back years in 2006 and 2007. In comparison, property valuations in the district have increased by more than four fold in less than 30 years, jumping from $78.2 million in 1992 to its current level.
The local tax levy, the amount area taxpayers will be responsible for to cover the operations and maintenance of the district’s educational mission, fell by nearly $141,000 this year or a decrease of 4.51 percent to $2,978,899 compared to $3,119,685 in 2019-2020.
Kaiser spent much of the half hour allotted for the budget hearing explaining several areas and numbers for the 2020-2021 proposed budget of $9,674,413 to board members and the few school employees and district residents that were in attendance.
Kaiser stated that the district had an unaudited ending balance, as of June 30th, 2020, of $3,247,095 for the 2019-2020 fiscal year. He also noted that the total expenditures were slated to increase by just under $623,000 for the coming year. The district’s debt service will remain largely unchanged with a balance of $1,036,226.64.
Kaiser also took members through other district funds. Special projects will see a jump of near $208,000; while food service and community service funds will see respective decreases of $32,262 and $2,884.78.
In all, the district is projecting gross total expenditures of $12,999,254.33, less interfund transfers of $1,102,144, for net total expenditures of $11,897,110.33.
Boyceville is expecting to receive a bulk of its operating revenues or $6,534,7867 through state aid leaving the local levy to make up the rest. At the meeting, Kaiser projected revenues to total $9,455,051, a shortfall of some $219,000 when compared to the expected expenditures.
The district’s total indebtedness will also decrease by slightly over $877,000, from $5,705,279.11 to $4,828,068.11 for the coming year. In 2008-09, Boyceville’s indebtedness was $13,800,000.
The board also voted to retain board salaries as they are currently, with the board president receiving $2,150 annually, the vice president $1,600, clerk and treasurer $1,750 each, and other members $1,600. Out-of-district per diems were also left unchanged at $100 per day and $50 per half-day when members are required to travel outside the district for school business.
Following the budget hearing and annual meeting, the board conducted its regular monthly meeting.
During that portion of the meeting, the board heard about a proposal for a new vet science instructional material from first-year agriculture teacher Valerie Berend; changes to the 2020-21 school calendar; re-entry plan updates; and the progress of the district’s live streaming platform to be used to broadcast athletic and other extracurricular events throughout the year.
The board also heard a plan to increase substitute teacher pay from $100 per day to $120; which the members are expected to act on at its October 28th meeting.