Friday, March 14, 2014

Board of Mythomania's 2014-15 Preliminary School Budget Tax Rate - $2.733!

Well, just saw the Ratable number for the 2014-15 school year - it's 7,028,001,196. That's a tad bit of good news since it's up 30,114,362 over last year's 6,997,886,834.

With that last piece, we can now see that the budget numbers in the Board's February 24th meeting will result in School Tax Rate of 2.733 per 100. That's up 2.9 cents or 1.1% over last year's 2.704.

When you look at the change in the tax rate, you can see that the 2.9 cents increase is the result of 4.1 cent (1.5%) increase due to Spending and a 1.2 cent (.4%) decrease due to the increase in the Ratables.

So, using these numbers, if you live in that mythical average home assessed for 176,700 - your school taxes will go up 51.43 (.029 x 1,767) and your total school taxes will be 4,829.21 (2.733 x 1,767). If you don't live in that mythical home, take your home's assessed value divided by 100 and multiply it times .029 to get your school tax increase and by 2.733 to get your total school taxes.

However, these are just numbers and until we actually see the budget, we don't really know if these numbers are good, bad or indifferent. Don't fall for the - it's only a few bucks more rhetoric.

Let's face it, this Board of Mythomania is just on a rampant Out-of-Control $pending spree with no signs of ever stopping. That's some $18.3 million in increased $pending since Super O'Malley took over. They also like to try and hide it by hoarding taxpayer relief money and using it to increase $pending while making it look like and claiming they're holding the tax rate down. And let's not forget the infamous staffing shell game that's added hundreds to the payroll over the years that they never disclosed and you never saw in the budgets they asked you to vote on.

Anyhoo, numbers don't mean a darn thing unless you know the substance behind them and we won't know anything about this preliminary budget until they release it to the public - probably at the March 26th meeting.

Time to pay attention folks - everybody over there is hoping you don't - again!

What their 2014-15 preliminary budget numbers actually result in:
What the $pending looks like:

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