Well, looks like the it's that time of the year again for tax increases here in Downtown Edison. Super Dr. Richard 'Looking for the Exit Ramp' O'Malley will be presenting the above budget at the March 16, 2016 caucus meeting over there on Mythomania Lane.
Just a reminder about last year's budget - the 2015-16 School tax rate was $2.820, which was 8.7 cents up (3.2%) from the prior year's tax rate of $2.733.
$pending was $227.9 million, which was $11.0 million up (5.1%) from the prior year's $216.9 million.
And, most importantly, let's not forget about the use of the Cap Bank that raised the fiscal year tax levy to $204.4 million, which was $10.4 million up (5.3%) from the prior year's $194.0 million.
So much for the 2% Cap in 2015-16!