From the Batesville Herald-Tribune:
Sunman-Dearborn Community School officials recently received their approved 2012 budget from the state of Indiana.
The $40.6 million budget was about $5.6 million more than what was received in 2011. However, it was $2.4 million less than what was requested this year, but Charles Blake, SDCSC financial operations director, reports, “It is acceptable, and we will gladly make it work.”
To make up the difference, “We will have to go back and re-evaluate all of our requests for equipment, personnel and products and eliminate some of them from the budget for this year.”
Since the school district covers portions of Dearborn and Ripley counties, assessed values and tax rates have to be determined for both counties. In Dearborn County, the assessed value increased by $1.4 million for 2012, but in Ripley County, it decreased by $4.6 million.
The director reveals the large decrease in Ripley’s assessed values won’t have a great effect on the budget because about “90 percent of our district is in Dearborn County, so when ... (it) stays level or increases in value, any change in Ripley County is not really noticeable.”
The tax rate for Dearborn County is $1.26 per $100 of assessed valuation. That’s .0589 cents more than last year’s rate. Ripley County’s rate is $1.19 per $100 of assessed valuation, which is an increase of .0591 cents.
Blake explains, “The tax rate is a part of the formula used to determine how much property tax each landowner will pay.” For example, a tax rate of $1.26 and a property with an assessed value of $100,000 would mean a tax bill of $1,260.
He says there are no big surprises in the budget. Five of the funds increased from 2011: General Fund, $24.6 million, an increase of $3.6 million; Debt Service, $7.1 million, up $217,067; Capital Projects, $3.9 million, up $1.2 million; Transportation, $3.2 million, up $213,963; and Bus Replacement, $539,593, up $431,669.
The Pension Fund received $1.1 million, a decrease of $4,674.
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http://batesvilleheraldtribune.com/local/x1585734261/State-approves-SDCSC-budget
