Sandown’s school taxes are estimated by the district to be going up 9% come November. That’s an extra $500 per median home in town. Other towns in our district aren’t hit quite as hard but they are all going up not inconsiderably.
For those curious, this was the sheet the school board was working off last meeting before it voted to move $500,000 from a reserve fund into the surplus in order to mitigate the large tax increases forecast.
With the additional half million in surplus, Sandown’s estimated school tax rate increase will be around 9% and Danville’s around 4% – by the district’s estimates.
These tax rates make it possible to fund unlimited legal expenses.
Before the $500,000 was added to the surplus, the 2015/16 year ended with a whopping $3,350,000 surplus. ($3,577,000 minus encumbrances but not subtracting Capital Reserve).
In other words, Timberlane operated in 2015/16 at a total cost of $65,039,839, compared to a budget of $68,616,667. You may recall that in the winter of 2014/15, we proposed our Responsible Budget of $65,000,000 (which would have gone up by $98,000 due to the support workers contract warrant article) – so the district actually operated at a lower cost than we proposed. And none of the scare stories came true – remember threats about draconian cuts, and fees for athletics and busing?