The Madison Central School Board approved its proposed budget for the upcoming year during its meeting on Monday. The school district’s total proposed budget for the 2021-2022 year is just more than 15-point-six-million dollars, which is close to 400-thousand dollars less than the district’s current adopted budget.
The general fund is the largest fund within the school district’s budget, and that’s at just more than nine-million dollars for the next year. This is an increase of more than 180-thousand dollars over the current year’s budget.
The district’s capital outlay budget is the next highest at just more than two-point-three-million dollars, which is down more than 600-thousand from the current year.
The special education, bond redemption, food service, and health plan funds all have slight increases for the next year.
As part of adopting their budget resolution, school 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. These levy requests are based on dollars per thousand dollars of taxable valuation. Meanwhile, the levy request for the capital outlay fund is at just more than two-point-six-million dollars, the bond redemption fund is at 456-thousand dollars, and the district’s opt-out is one-hundred thousand dollars.