CHARLES CITY — The Charles City School District’s property tax rate will drop by 0.35 percent in fiscal year 2017-18 under the budget the School Board will review Monday.
The board will meet at 6:30 p.m. in the Charles City High School library.
The budget will be voted on after a certified budget public hearing. Superintendent Dr. Dan Cox is recommending that be held at 6:30 p.m. Monday, April 10, in the Charles City Middle School 7th grade learning studio.
The agenda for Monday’s meeting summarizes the budget. It says the budget was developed using the 2017-18 Supplemental State Aid set by the Iowa Legislature of 1.11 percent. The property tax rate will be $12.88846, a decrease of 0.04 cents or 0.35 percent, and a surtax rate of 6 percent, the same as last year.
The budget includes a $778,883 cash reserve levy; $650,000 management fund levy; $190,210 board approved physical plant and equipment levy; and generating the voter approved $1.34 PPEL levy through property tax of $1.18 and 1 percent surtax tax rate.
Cox will recommend “to direct that the 2017-18 certified budget be published at $12.89 property tax rate and 6 percent surtax as presented.”