Madison Plans 4.2% Property Tax Increase

Molly Beck:

The Madison School District property tax levy would increase by 4.2 percent under the district’s final budget proposal.

That’s up from a 2 percent increase contained in the district’s preliminary budget approved in June.

The final 2014-15 district budget, which must be adopted by the School Board by Nov. 1, also includes a slight bump in the salary increase district staff were expecting this school year.

If approved, teachers will see a 1 percent raise in their base pay for the 2014-15 school year, a slight increase from the 0.75 percent increase the preliminary district budget included when it was adopted by the School Board in June. The salary increase is in addition to increases staff receive based on their level of education, training and years spent teaching, which brings the total increase to about 2.4 percent, according to assistant superintendent for business services Michael Barry.

Madison spends more than $15k annually per student, about double the national average. Yet, the District has long tolerated disastrous reading results.

A comparable Middleton home’s property taxes are 16% less than Madison.