School District Holds Annual Meeting, Voters Set Levy Amount

voters voted 48-8 Tuesday night at the annual district meeting held at the auditorium to levy nearly $29.2 million in taxes to help cover its 2012-2013 budget.

The exact amount approved was $29,188,175, which was up 2.87 percent from last year's levy amount of $28,373,543.

The general fund will receive nearly $24.6 million, and the debt service fund will receive more than $4.6 million.

According to a buget presentation by Financial Services Director Tim Erickson, the district is expected to receive about $22.8 million from state sources, about $1.4 million from federal sources to cover the rest of the proposed $67.2 million budget for the 2012-13 school year. 

The total levy was set at $28,378,887, a 1.98 percent increase from last year. However, the district valuations are down 6.94 percent from last year, according to estimates based on Department of Revenue information.

Final district valuations will be provided by the Department of Revenue in October, and the school district budget is expected be finalized and approved by the Board of Education in October as well. 

St. Croix Meadows Purchase Factored In

Depsite last week from the Hudson Plan Commission, more than $475,000 is being levied to pay for interest on the $8.25 million of bonds approved by district voters in April.

Hudson Common Council is expected to accept the Plan Commission recommendation to deny rezoning at its meeting on Monday, Sept. 17.