The Mitchell School Board last night approved a $32.2 million K-12 budget for the upcoming school year.
Revenues break down into the following:
General $20,547,979 Leasing sources $0 (0%)
Capital Outlay $4,572,770 Local sources $14,545,568 (45.1%)
Special Education $5,056,047 County sources $277,500 (.9%)
Food Service $2,086,469 State sources $13,533,193 (42.0%)
Federal sources $3,907,004 (12.1%)
Cash balance $0 (0%)
Expenditures break down into the following:
General fund $20,547,979 (64%)
Capital Outlay $4,572,770 (14.0%)
Special Education $5,056,047 (16.0%)
Food Service $2,086,469 (6.0%)
The average daily student count for the district is 2,802. The state core cost of education is $17.5 million, while the projected state aid is $10.8 million. Taxpayers may see an increase in the school portion of their property tax bills due to an increased valuation on owner-occupied property. The district reduced its levy request this year.