Grafton – A final levy that calls for a 4-percent decrease in the tax rate to support the 2016-17 Grafton School District budget will be up for approval on Oct. 24.
The preliminary 2016-17 budget was reviewed, discussed and approved by district residents at the annual meeting on Sept. 26. That budget includes a total tax levy of $16.93 million, which would result in a tax rate decrease from $11.18 to $10.73 per $1,000 of equalized value.
That means a decrease of $112 for the owner of a $250,000 house, who would pay $2,683 in school district taxes if nothing major changes when the board approves the final levy.
A major factor in this year’s equation is a projected increase of 4 percent percent in the district’s equalized valuation, Director of Business Services Topher Adams said, which is expected to grow by $60.6 million.
A slight bump in enrollment also helped with state aid, which is projected to increase by $89,000.
Equalized valuation figures were certified Oct. 1, followed by state aid figures to be distributed Oct. 15.
“We will obviously know a lot more at that meeting at the end of October because we’re still working with a lot of moving parts at this point,” said Adams, who joined the district in August.
About six full-time equivalent positions were added despite the decreased levy, Adams added, including a new kindergarten teacher.
The board meet at 6 p.m. Monday, Oct. 24, in the library at Grafton High School, 1950 Washington St.