Breaking Down Some Numbers from Neillsville's Annual School Board Meeting
Thursday, August 29th, 2019 -- 10:42 AM
-The Neillsville School District held their Annual Meeting on Monday, giving residents and the school board a chance to see figures regarding the district’s finances and comment on them.The board approved the tax levy of $3,796,970. Breaking down some of the other numbers of note from the meeting includes the projected state aid. The number provided at the meeting on Monday was an estimation as the DPI doesn’t certify state aid until October 15th when they have an accurate count of students at each district. The estimated state aid amount for the next school year comes to $5,299,030. The total amount of revenue and other financing sources for the district for the next year is projected at $11,015,580. It was also mentioned that Neillsville is one of the rare, rural schools that has no debt and they Capital Project Funds currently has a balance of $1,527,819.25. That money can’t be used for a specific amount of time, but, when available, it must be used for building projects. The Community Programs and Service Funds is currently at $75,000. Those funds are used for salaries and utility costs for city programs by the Neillsville Rec. Department.
Neillsville’s mill rate for the last school year was 7.26. Their mill rate this year is expected to be around the same amount. Neilllsville has one of the lowest mill rates when compared to several different districts in our area. The only one lower is the Cornell School District at 6.93. Others that come close are Owen-Withee at 7.41 and Stanley-Boyd at 7.77. Cadott has one of the highest at 12.87. The district spends around $11,392 per student with the state average at $13,505. They receive around $12,126 in revenue for each student with the state average around $13,760. Over all, the state increased their aid to districts this year, while the aid was decreased on the national level.
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