The Madison Central School Board approved its proposed budget for the next year during its meeting on Monday. The school district’s total budget for the 2019-2020 year is just more than fifteen-point-three-million dollars, which is just more than 800-thousand dollars more than the current budget year.
The largest fund within the school district’s budget is the general fund, which for this next year totals a little more than eight-point-four-million dollars. This is an increase of close to 266-thousand dollars over the current year’s budget.
The district’s capital outlay budget is the next highest at two-point-three-million dollars for next year, up more than 421-thousand dollars over the current year’s budget.
The district’s special education fund for 2019-2020 is just more than two-million dollars, and the health plan is about the same as the current year’s budget 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 438-thousand dollars, and the district’s opt-out is one-hundred thousand dollars.