Too Much
- District 5-year forecast assumptions are overly pessimistic.
- Enrollment projections show a decline of 261 from 1,416 students to 1,155 students.
- Spending projections show increases of 14% from $19.76 million to $22.48 million.
- Spending/student is projected to increase from $13,957/student to $19,465/student or 39.5%
- State Aid is forecast to remain flat even though the state has a $7billion surplus and Gov Evers proposed large increases for school funding.
Not Now
- Community Surveys were conducted before taxpayers saw their 2022 property valuation increases.
- Property valuations went up 13.8%.
- The district held the mill rate at 9.0 but received $1 million more in tax levy or 13.8%
- Inflation is running at 6.4%
- Interest rates are still rising.
- Numerous economists predict a recession in 2023.
- Too much is unknown right now.
- Wait for inflation to come down.
- Wait for interest rates to start dropping.
- Wait for results of the 2023-2025 state budget in three months.
Too Long
- A five-year override does not allow taxpayer spending review frequently enough.
- Resurvey the community now that they see the impact of 2022 property valuations.
RECOMMENDATION — Slow down, get more information, reduce the dollar request, shorten the override time period
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