Madison School District could reduce property taxes next year
The Madison School District is positioned to reduce property taxes next year because of proposed reductions in state funding and concessions from its employee unions, a district official said Tuesday.
Gov. Scott Walker’s budget proposal calls for a 5.5 percent reduction in district revenues, which the Legislative Fiscal Bureau estimated Tuesday would reduce district funding statewide by $465 million.
Madison estimates its revenues — a combination of property taxes and state aid — would drop $15 million under the governor’s proposal, assistant superintendent for business services Erik Kass said.
The district’s property taxes would be $243 million next year, or $2 million less than this year, Kass said, because of an increase in enrollment, a proposed $5 million reduction in state aid and a 2008 referendum that allows the district to exceed its revenue limit set by the state.
