The Madison Metropolitan School District Administration published it’s proposed $332.9M+ balanced budget for 2006/2007 in 3 parts:
“Total spending under the proposed budget is $332,947,870, which is an increase of $11,012,181 or 3.42% over 2005-06. The increase of 2.6% under the revenue limit plus other fund increases or expenditures makes up the whole proposed budget. The property tax levy would increase $11,626,677 or 5.8% to $211,989,932.”
“The property tax levy has to increase more than spending because state and federal aids and grants are decreasing. The district is being conservative in its early estimates of these aids and grants in order to avoid overspending.”
4/5 strings is once again on the chopping block. Page 6 of the executive summary. The document refers to the “current strings program”.
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