The Onalaska School board adopted a revisited 2017-18 budget at Monday night’s meeting.
The revised budget took into account new information including revised student counts and finalized general aid numbers from the state.
The new budget changed little from the one presented during last month’s public hearing and approved by the board at the Oct. 9 meeting.
“We’re actually very very close; almost spot on,” Onalaska Finance Director Kent Ellickson said.
Superintendent Fran Finco celebrated the district’s ability to reduce the tax rate for the second consecutive year.
“The good news is the rate goes down for the second year in a row,” he said.
The revised budget has the district will levying $70,500 less than initially anticipated with a total levy of $18.12 million.
This won’t have a significant effect on the district tax rate which remained unchanged at $9.65 per $1,000 of equalized property value.
A family with property valued at $100,000 can expect to pay $965 in property taxes to the school district on their next tax bill.
The district’s equalized property value also proved to less than anticipated growing just 3.6 percent this year. The district had expected a 4 percent increase.
Ellickson said that put’s the district’s valuation at slightly below the state average.
Finally, the district will spend approximately $600,000 of its fund balance to cover costs associated with relocating the administrative building to the former Festival Foods Support Center.
Ellickson said positive open enrollment into the school district also helped offset a falling resident population.
The board voted unanimously to approve the revised budget. Board Member Jake Speed, who voted against the proposed budget at the last school board meeting was absent.