Bow School District: Tax rate increase is likely in district

Monitor staff
Published: 3/14/2019 2:54:45 PM

Budget: The school board is asking for a $28.83 million budget, an increase of $748,222 or 2.6 percent from last year. If the budget and all warrant articles asking for money pass, the estimated tax impact is $17.52 per $1,000 assessed property value, an increase of 79 cents from last year and about $237 for a $300,000 home.

Noteworthy articles: The district is asking for $400,000 to be deposited into a capital reserve fund for renovations at Bow elementary.

The school board reached a three-year contract with teachers and support staff. The total increase in salary and benefits adds about $1.52 million and is broken up over three years. The first year (2019-20) shows an estimated increase of $341,210 for teachers and $91,762 for staff.

Article 3 asks voters if they want to close the Special Education Expendable Trust Fund. Bow Assistant Superintendent for Business Duane Ford said only three deposits have been made since the fund was created in 2002, and that money has never been used.

“The way it was set up in ’02 was pretty restrictive in terms of the language, so even if we wanted to use it there are only really narrow situations where we can actually access those funds,” he said at a February budget committee meeting.

If voters decide to close that account, the $370,253 balance would lapse into the general fund and counts as revenue.

When and where: The meeting begins at 7 p.m. on Friday in Bow High School’s auditorium. Ballot voting was Tuesday.

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