From the Evansville Courier-Press:
No Evansville Vanderburgh School Corp. employees will be getting raises in 2013, but the district's property tax rate is expected to see a slight increase.
The EVSC's overall proposed budget, about $226 million, remains subject to approval by the School Board. It includes a $150 million general fund, nearly all of which is for salaries and benefits.
EVSC officials classify 79 percent of the general fund as being for "instruction," with the remaining 21 percent for "overhead and operational" purposes.
Expenditures have been reduced by about $3 million from 2012. Chief Financial Officer Carl Underwood said about 60 longtime teachers retired and are being replaced by newcomers, creating cost savings. A few other vacant EVSC jobs will go unfilled.
The budget plan assumes no change in this year's overall assessed value in Vanderburgh County, about $6.7 billion. The 2012 tax rate came in at 66 cents per $100 assessed value.
Underwood anticipates the 2013 rate will be "going up a little bit" but by far less than the rate of more than $2 to be shown in the budget's legal advertisement. The advertised figure traditionally is overinflated.
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The EVSC next year will pay $7.42 million on the $149 million bond issue for school construction. Because the bond issue was approved by Vanderburgh County voters in a November 2008 referendum, that line in the school district's budget is exempt from Indiana's property tax caps.
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The EVSC's 2013 budget is to be published legally on Aug. 29 and Sept. 5, with a public hearing to be held at a Sept. 10 School Board meeting. It is to be adopted by the board Sept. 24.
http://www.courierpress.com/news/2012/aug/14/evsc-budget-hed-here-and-herp/
