Madison School District property taxes would increase 4.1 percent, or about $10 million, under superintendent Dan Nerad’s proposed 2012-13 budget.
The increase would be a change from last year’s $245 million school property levy, which was a slight decrease from the previous year.
The district estimates a $255 million levy would increase property taxes by $108 on an average Madison home. However, updated property assessments for the city won’t be available until the end of next week, city assessor Mark Hanson said.
The $379.3 million proposed budget would increase total spending by $6.3 million, or 1.7 percent, from this past year’s budget.
The district is increasing property taxes partly to keep up with state-imposed revenue limits and qualify for additional state aid, Nerad said.
Notes and links on the 2010-2011 and 2011-2012 budgets.