12.16.2024 Truth in Taxation Public Meeting

Tuesday, December 17, 2024

Areas of Interest (4)

School district certifies $7.8 million levy despite state-wide formula adjustments and Covid-era fiscal corrections.
Concerns over property value fluctuations driving school levy increases for Watertown residents.
District spending down abatement bonds in the construction fund while balancing food service operations.
Explanation of the Ag School Bond credit which now covers 70% of relevant tax impacts.

Open the Truth and Taxation meeting

ApprovedUnanimous

Moved by Miss Schultz · Seconded by Mr. Burns

Approve the 2024 payable 2025 Levy at $7,848,386.54

ApprovedUnanimous

Moved by Mr. Burns · Seconded by Miss Naton

Adjourn the meeting

ApprovedUnanimous

Moved by Miss Danielson · Seconded by Miss Naton

In the general fund the majority of our revenue does come from the state 77%
— Miss Raider

Revenue SourcesExplaining the revenue composition of the general fund.

If your property tax or your value of your property increases your Levy more than likely will increase
— Miss Raider

Property TaxExplaining factors influencing individual property tax levies.

Miss RaiderDistrict Official/Presenter

Presented the 2024-2025 budget and levy certification details.

1 quote

“Why have a truth and Taxation meeting it is required by law it was passed in 1989”

Explaining the legislative requirement for the hearing.

Mr. RondellBoard Member

Invited to provide public comments.

Miss SchultzBoard Member

Participated in procedural motions to open and close meeting.

Mr. BurnsBoard Member

Involved in moving motions for budget and levy approval.

Miss DanielsonBoard Member

Made the motion to adjourn the meeting.

Watertown School District ISD 111