The St. Joseph School District's portion of total property tax bills is not expected to go up for next year.
New SJSD Chief Financial Officer Beau Musser presented the board with a tax levy of a little more than $4.12 for next year. With the board's approval, that means a person with a $100,000 home will pay about $783 for the school's portion of property taxes next year. That is almost exactly the same as for this year.
"Of course, just like every other business, we have to deal with inflation, an increase in utility bills, an increase in healthcare costs," Musser said. "And so, it is difficult when your revenue stays flat and your expenses trend up."
The decision comes after a spring of debate and discussion about budget cutting.
Musser says part of the challenge in setting levy rates is about ten percent of property in St. Joseph does not yield any property taxes due to abatements for businesses as incentives to locate in St. Joseph.
The school's portion of property taxes is by far the largest chunk of our total property tax bill, accounting for about 63 percent.