Archive for Wednesday, August 21, 2002

Basehor-Linwood finalizes 8-mill decrease

August 21, 2002

Comparing the budget to a bucket that's half-full, the Basehor-Linwood School Board approved the 2003 final budget Monday, Aug. 20.

This year's budget calls for an 8-mill decrease from the previous year. The 2003 mill levy will be 45.423, down from last year's 53.421.

A mill is $1 per every $1,000 of assessed property valuation.

The bucket comparison is an analogy used by School Board members when discussing what impacts a recent state funding reduction would have on the district's budget.

Last week, Gov. Bill Graves announced $41 million in budget reductions. The reductions will lower school funding per student by $27 or .75 percent.

But the lower per student rate won't affect the school district's published budget. The school district still has the authority to collect the budget funds.

It's just the state won't fund that much.

"The state has said you can have that size a bucket, but we're only going to fill it so high," said Cal Cormack, Basehor-Linwood School District superintendent.

One area where the school district will be able to collect as much as published is in its Local Option Budget.

The LOB is generated from local tax dollars and is equivalent to 25 percent of the general fund, approximately $9 million.

The school district is currently at the highest LOB rate allowed under state law, 25 percent.

School officials said the mill levy reduction was made possible this year because of an increased valuation rate in Leavenworth County. The county's valuation rate increased by more than 8 percent from last year.

The total for school district expenditures is $15,492,636.

Nearly 40 percent of the budget accounts for teacher salaries.

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