The Iola-Scandinavia School Board approved $3.9 million tax levy for 2010-11 at a special meeting Oct. 25.
The levy reflects a $167,932 increase, or 4.4 percent, over 2009-10. The mill rate is at $9.83 per $1,000 of equalized value, compared to 9.11 in 2009-10.
The final numbers were lower than the 4.5 percent increase projected at the annual meeting in August.
Some factors that affected the change included a slight increase in student numbers, a 3.2 percent decrease in equalized value, and $5,000 in additional state aid.
“We built the budget on under levying,” stated business manager Jon Novak. “Now we are back to levying to the maximum allowed and we won’t lose that percentage for the future.”
“We have done as much as we can to keep the budget in line, but unfortunately that didn’t help the equalized value,” Novak explained. “Now more of the tax levy is picked up locally.”
State aid as a percentage of total allowable revenue has declined from 56 percent in 2009-10 to 55 percent for 2010-11.