New Castle News


June 21, 2014

Mohawk OKs budget with no tax increase

NEW CASTLE — The Mohawk school board approved a $24,002,357 budget with no tax increase.

The spending plan, about $2.2 million greater than the current year’s budget, exceeds anticipated revenues by $1,836,168.

Board secretary/business manager Janet Crum said the budget will be balanced using the district’s fund balance. That account contains about $13 million, she said.

Property tax millage remains at 13.09 mills.

Crum said the district has held the line on taxes since the 2009-10 school year.

The budget was approved on a 7-0 vote. Jonathan Laughner and Lori Griffin were absent.

The board also approved a homestead/farmstead exclusion for taxpayers. The district will receive $483,032 from gaming revenues to be returned to taxpayers in the form of the exclusion to reduce assessments.

Crum said 3,098 homeowners qualified for the reduction and will receive a tax reduction of $162.03.

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