Decline projected in homestead property tax and income sensitivity rates.
At its at its meeting on January 24, the Norwich School Board approved the Marion Cross School budget and two additional monetary articles to send to voters for Town Meeting in early March. The total school budget (Norwich and Dresden share) is $12,481,670, assuming Dresden voters also approve the two union contracts. The updated budget book is here.
The homestead property tax is projected to drop by four cents to $1.80874. The income sensitivity rate is expected to decline from 3.13% to 2.89%.
The two additional articles are to bulk up the reserves in the Special Education reserve fund and in the Repairs and Capital Maintenance reserve fund, each by $25,000.
Before the meeting adjourned, Superintendent Jay Badams thanked the Board for its members hard work in connection with the budget, union negotiations, and principal search. He noted that "it's a lot more than showing up for one meeting a month. It's hours and hours and hours of work."
Monetary articles of Norwich School Board that are subject to voter approval.