Dickinson Public Schools to see more fundsMore people in the area and an increase in property value mean more money for Dickinson Public Schools.
More people in the area and an increase in property value mean more money for Dickinson Public Schools.
“Although the district will levy the same mills, the mills will bring more money for the school district,” DPS Vice Superintendent Vince Reep said during a meeting regarding property taxes at Central Administration Office Monday.
The district expects about $29 million in expenditures and about $29.5 million in revenues for the school year, according to meeting documents.
Reep said last year DPS levied 122.2 mills. This year it is expected to levy 121.9.
But the taxable valuation went from about $54.1 million in 2010 to about $61.4 million, according to records.
Reep said a major factor in the 13.4 percent increase is the jump in property values.
He added new residential and commercial growth played a big part, too.
This school year the property tax valuation is expected to generate about $676,000 more than last year, Reep said. Dickinson Public Schools is asking for about $7.4 million, according to meeting documents.
The district will levy for 110 mills in the general fund, 10 mills for the building fund and 1.92 mills for the remodeling bonding levy, according to meeting documents.
The board approved:
- General fund expenditures of about $27.1 million and revenues of about $27.4 million.
- Capital projects fund expenditures of $987,237 and revenues of $831,600.
- Debt services fund expenditures of $215,595 and revenues of $200,600.
- Food services fund expenditures of about $1.1 million and revenues of $978,850.
Board members passed the budget and Certificate of Levy unanimously.
Stark County Auditor Kay Haag estimates that last year one mill was worth $66,717. This year one mill may equal $74,682.