48° and Partly cloudy at 11:29pm in Pine City

Pine City Schools Set 2008 Payable 2009 Proposed Levy

Tuesday, September 16th, 2008 at 6:20 am

The Pine City School Board approved the 2008 payable 2009 proposed levy at Monday night’s board meeting. The levy is up 4.33 percent. The increase comes as state aide continues to decrease. Superintendent Darwin Bostic presented the board with the numbers since 200. Since then, state funds to Pine City is down nearly $600,000, and down over $100,0000 from last year. While this is disappointing, School Board Chairperson, Dan Peterson, says there are positives in the figures.

Hear Peterson’s Comments:

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The Annual Truth-in-Taxation hearing is set for December 2nd and the school will adopt the final tax levy on December 15th.

LEVY HISTORY

Year/Payable Aid Levy Total RMCPU
01-02 $784,071 $905,758 $1.689,829 $838
07-08 $267,456 $1,398,382 $1,574,714 $838
08-09 $161,991 $1,398,382 $1,560,373 $838
Estimated 10-11 $0 $1,550,500 $1,550,500 $838

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