AUBURN — The School Committee made a couple of changes Wednesday night to its proposed budget for the next school year, decreasing it the overall and the amount to be raised through taxation.
Just under $21 million will be raised from local property taxes, a 1.1% increase compared to last year’s local share, Superintendent Sue Dorris said. The updated tax rate for education alone is $8.44: A home valued at $300,000 can expect to pay $2,532 in property taxes for education, not including the municipal and county share.
The updated amount representing all school appropriations is roughly $64.5 million, a $56,469 reduction to the initial amount presented last month, Dorris said.
The public will vote on the budget June 10.
Because the budget is relying less on property taxes, committee members will use more from the unallocated fund balance to keep critical services funded. The committee is proposing to use $2.25 million from the fund balance to offset property taxes.
Committee member Korin McGuigan said she is concerned the committee might have less in the fund balance to draw from next year, resulting in less of a savings on property taxes. She said does not mind “kicking the can down the road” this year but thinks residents need to understand that changes are coming in the next few years.
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