The budget hearing for the FY 2014 budget will be held on April 10 at 6:30 p.m., in Gladbrook. We are certifying a budget based on 0% allowable growth. While we are still hopeful for allowable growth to be set in the 2-4% range, due to our declining enrollment and the budget guarantee that results, our highest tax rate comes with 0% allowable growth. If schools would receive a higher allowable growth, our District tax rate would decline from the published amount of $11.08604/$1,000 taxable valuation. In the event of 2% allowable growth the District would see a rate of $10.83527/$1,000, and 4% allowable growth would cause a tax rate of $10.60693 for G-R property owners.
Even in the worst-case scenario presented above, G-R is looking at a drop in the tax rate from our current level of $11.13/$1000. As our enrollment stabilizes and our property valuation increases I anticipate our tax rate stabilizing and likely declining.
G-R Tax Rates:
FY10: $10.61; FY11: $11.77; FY12: $11.35; FY13: $11.13; FY14: $11.08 (Proposed)
If you have any questions, or would like to discuss the G-R budget, please contact me. Email: email@example.com, phone: 319-345-2712, or stop by the office at 300 Cedar St.