Alpine School Board plans to vote on $568.4 million budget
The board plans to vote on the budget during its meeting at 6 p.m. today at the Alpine School District office, 575 N. 100 East, American Fork.
The district's proposed budget is up from last year's budget of $526 million. The increase is mainly due to more construction projects that are under way and a rise in educator compensation, according to Alpine District business administrator Rob Smith.
"The lion's share of the increase in the budget is because of capital improvements and teacher salaries," Smith said.
The district estimates it will receive $126 million in property taxes. It will have $47.5 million in bond revenue for the upcoming school year.
Smith says the budget for 2008-2009 will be balanced.
School districts receive state funding per pupil. For 2008-2009, districts will receive $2,577 per student.
Enrollment in Alpine District for the 2007-2008 school year was 58,740. The district's enrollment is projected to grow by 1,835 to a total enrollment of 60,575 for the 2008-2009 school year.
This year, the districts will be doling out more funding to support charter students, as mandated by new state legislation. Alpine District will be spending approximately $900,000 for the charter students who live within the district boundaries.
"This has a pretty significant impact," Smith said.
The district will have a truth-in-taxation hearing on Aug. 12. During the hearing, taxpayers can voice their opinions on the proposed tax increases, which include a $1.7 million voter-approved leeway, $900,000 for charter-school funding and $850,000 in capital funding.
The tax rate is estimated at being 0.007118 and will be finalized after the district receives tax-rate verification from the county. For the owner of a $200,000 home, this means $782.98 in taxes. This is an increase of $19.91 from last year.
Having a truth-in-taxation hearing is a state requirement even though some of the tax increases have already been approved by the voters. "We need to be transparent and show why we are doing what we're doing," Smith said.
Voters in June 2006 approved Alpine District to have a $230 million bond. The district is in the second phase of spending the bond funding. Voters also approved a $1.7 million leeway.
Recent comments
Bad, bad legislature,
The legislature is not to blame for...
laugh out loud | June 18, 2008 at 8:13 a.m.
LOL makes a point, the top administrative salaries at Alpine School...
Teacher | June 17, 2008 at 9:23 p.m.
right off the top, big salaries and excellent benefits for the Top...
Wink wink.... | June 17, 2008 at 8:46 p.m.
