Wed, Mar 14, 2012 10:30 AM
Roughly 100 people gathered inside Proctor High School for town
meeting this year. The increased school budget of $5,107,316 was
passed by a landslide 69-26 votes. $250,000 of surplus funds will
be transfered into a capital improvement fund.
The majority of the 4.1 percent budget increases (up $202,821 from
last year's $4,904,495 budget) come from the additions of a
behavioral specialist, a full-time teacher and a half-time teacher
at the elementary school. At the high school, the budget was
reduced by one full-time teacher.
Approval was no doubt aided by an expected drop in the school tax
rate - a reduction anticipated despite the increase in the budget.
The rate is expected to drop 10.53 percent, which could fall from
1.32 per $100 of assessed value to $1.19.
The 13 cent drop would mean significant savings for homeowners. A
property owner with a house valued at $100,000 would pay $140 less
in taxes, a $200,000 home seeing a $280 decrease.
Hughes told residents that even though the school budget had gone
up, the tax rate is expected to go down thanks to a combination of
factors that included adjusted common levels of appraisal.
The town budget and highway budget were also easily passed. The
proposed $769,537 town budget, is down 2.6 percent from this year,
and the proposed $403,957 highway budget, is up 5.2 percent.