Thursday, March 13, 2014

Edison Board of Mythomania School Tax Increase 2014-15!?!

Well, saw the Board's approval of the 2014-15 Preliminary School Budget in the February 24 agenda here and wouldn't you know - there's yet another School Tax increase coming your way here in Downtown Edison.

If you look on page 54 you'll see a bunch of numbers but, of course, they don't tell you those numbers result in a tax increase. You won't even see the budget until probably their March 26th meeting and even get to comment on it until the public meeting, which will probably be on March 31st.

Just a reminder, the school board election isn't until April 23rd this year.

So, let's see what's going on with these numbers without seeing their budget. We can see that Spending is up $3,984,138, the Fiscal Year Tax Levy is up $3,806,189 and the Calendar Year Tax Levy is up $2,880,745 - over last year!

From this alone, the School Tax Rate will go up 4.1 Cents to $2.745 from last year's $2.704. And that's just for the Spending increase in the school budget.

The Ratables number is not yet available - so, we don't know how much further that will drive the School Tax Rate UP above the $2.745! If history is any indication though - they will pass along to us any drop in the Ratables. They only take credit when the Ratables go up - they run away when it goes down.

Anyhoo, looks like another year of school tax increases from over there on Mythomania Lane.

Numbers they don't show you in the agenda:

And here's what's in the agenda:

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