Board proposes 3.91 percent tax hike New elementary principals announced
By: MICHAEL C. UPTON Record Express Correspondent, Staff Writer
Warwick School District Board of Directors Tuesday adopted a preliminary 2012-13 district budget in the amount of $61,761,232. The preliminary budget calls for a .7 mil increase in property tax, or 3.91 percent, to set the total millage rate at 18.6. According to district calculations, the new rate will propose an increase of $119 on a residence appraised at $170,000.
The district held numerous meetings and an educational forum on the budget process throughout the year. The board made no comment on the budget Tuesday.
Instruction costs make up 55.04 percent of expenditures in the proposed budget, accounting for more than $33 million. Support services come in second at 26 percent of the budgeted expenses.
Revenue for the district comes primarily from local sources. $40,331,051, or 65.3 percent of total revenue, comes from real estate taxes, tuition, wage and real estate transfer taxes, rent, p
Posted: May 16th, 2012 under News.
