Decorah school tax rate decreasing
Wednesday, March 13, 2013 4:39 AM
Decorah school officials are proposing a 28-cent decrease in the District's property tax rate.
During its meeting Monday night, the Decorah School Board scheduled a public hearing on the proposed fiscal 2013-2014 budget for Monday, April 8, at 6:05 p.m.
Decorah Superintendent Mike Haluska reported the primary reason for the decrease in the tax rate is an $18,739,825 increase in the District's property value. The current budget is based on $496,520,042 in value, while the budget for the upcoming fiscal year will be based on $515,259,867 in value.
Haluska said the proposed budget was calculated on allowable growth, which has yet to be set by the Iowa Legislature, of 4 percent, which would produce the highest potential property tax rate.
"We are presenting the worst-case scenario. Should allowable growth be lower, the tax rate will be as well," he said in his report.