The Madison Central School Board approved its proposed budget for the next year during its meeting on Monday. The total school district budget for the 2018-2019 year is just more than fourteen-and-a-half-million dollars, a just more than one-hundred thousand dollar increase from the current budget year.
The general fund portion of the school district’s budget is at just more than eight-million dollars – which is an increase of more than 230-thousand dollars over the current year’s budget.
The next largest fund in the budget is the special education fund, which is close to two-million dollars for next year. The district’s capital outlay budget for the next year is at close to one-point-nine-million dollars for 2018-2019, close to four-hundred-thousand dollars less than the current year’s budget. The health plan fund is about the same in the budget this year as last year, at just more than one-point-two-million dollars.
As part of adopting their budget resolution, board members on Monday also approved the annual budget levy requests for the school district. Business Manager Mitchell Brooks said that there are levy requests set for general fund agricultural property, owner occupied property, and other non-agricultural (or commercial) property, along with the special education fund. Brooks said that while those are levied in dollars per thousand dollars of taxable valuation, the levy request for the capital outlay fund is at just more than two-and-a-half-million dollars, the bond redemption fund is at 428-thousand dollars, and the district’s opt-out is one-hundred thousand dollars.