Bowie School Trustees to finalize budget, tax rate

Bowie School Trustees will meet in an early morning session Thursday to finalize the proposed tax rate and budget for 2017-2018.
The board will meet at 7 a.m. Thursday for a public hearing on the budget and proposed tax rate.
After that hearing a second meeting will be opened at 7:15 a.m.
During this meeting the board will amend the 2016-17 school budget, approve the fund balance for district needs, consider the 2017-18 salary schedules, adopt the budget and tax rate.
The district is looking at a proposed budget of about $14.5 million for expenses. During an Aug. 21 workshop, the salary schedules, stipends and health insurance changes were approved.
Expenditures for the new budget are only .28 percent higher than the previous year with revenues projected to come in at 7.27 percent higher.
Based on those figures the district will have an anticipated deficit of about $525,604, which is much less than the $1.5 million expected at the end of the present budget year.
There are no changes to the 2017 tax rate as the district will remain at $1.22 per $100 in property value. The rate breaks down into $1.04 for maintenance and operation, with .18 cents for debt service.