By David Meade
Anderson School District One Superintendent David Havird presented a first draft budget to the District One school board during a work session held last week.
The $62,722,766 budget balances with some state increases in revenue and a local tax millage rate increase of 3.34 percent.
Due to Act 388, residential property taxes do not contribute to school operations, however the millage increase does affect business owners, commercial and industrial properties and motor vehicles.
Starting with a brief recap of last year’s budget, Havird said the school district was able to avoid having to use $254,242 budgeted to be taken from the fund balance and that a refinance of $24.9 million in bonds saved the district $2.5 million in payments.
Havird also said the recently implemented local option sales tax will help tremendously with capital projects and that 20 percent of those funds can be used for reducing debt.
Havird said under the current state budget, the base student cost will be $2220, an increase of $100. “This is significant. We have not seen an increase in years.”