The Cost Of The Referendum

The Cost Of The Referendum

2016 Referendum:

The Costs

The two questions the Board is presenting to voters on Nov. 8th address both the district's instructional and facilities needs.The cost is broken down into two parts, one to address the district's operational (instructional) needs and the second to address our capital (building) needs.  Both are explained in detail below.   

Operational Cost

Currently, our school district ranks last (424/424 school districts) on how much we spend per student.  While we are proud of the quality education we offer at a low cost, rising costs of operations and state-imposed revenue limits that limit how much the Board can raise taxes have now forced the Board to be asking the voters for some help. The operational need is addressed by granting the Board of Education the authority to (but DOES NOT) obligate them to exceed state-imposed revenue limits by up to 2.5 million dollars per year for a period not to exceed 5 years.  The purpose of this request (question) from the Board is to maintain existing educational and co-curricular programming.  The estimated tax impact of the operational referendum question is $124 for each $100,000 of equalized property value, or $10.33 a month.  

Capital Cost

The cost of the proposed capital referendum question, which allows all schools to become handicap accessible, fixes aging and failing mechanical equipment and reduces overcrowding in all schools through a grade level reconfiguration that is catalyzed by the building of a new Milton High School is 87 million dollars.  The estimated tax impact of the capital referendum question is $177 annually on each $100,000 of equalized property value, or $14.75 a month.  

2-Year, 2 Tax Bill Cycle Phased-In Approach
To Help With Affordability

Among the greatest priorities of our Board of Education has been and continues to be, to provide the best educational experience possible for our students and families at the most affordable price for our taxpayers.  To that end, the Board has timed the Nov. 8th operational and capital questions in such a way that allows property tax payers to see a phased-in approach to the estimated property tax increases associated with both referendum questions.  The table below explains what estimated tax increases would be seen in what calendar year property tax bills if both referendums were to be successful on Nov. 8th, 2016.

Equalized Property Value

Estimated Property Tax Increase On

Tax Bills Issued in 2016 (Due 2017)

Estimated Property Tax Increase On

Tax Bills Issued in 2017 (Due in 2018)

Total Estimated Property Tax Impact (Over 2 years)
$100,000

$124 

$177 

$301 

$150,000

$186 

$266

$452

Notes:  The operational referendum potential impact would be for a period of five (5) years, beginning in 2016 (first payment due in 2017) and ending in 2021

The capital referendum potential impact would be for twenty (20) years and begin in 2017 (first payment due in 2018) and end in 2037. 

 

 

 

Property Tax Increase LESS Than First Anticipated 

Due To 2016-2017 Mill Rate Reduction

The Board of Education has approved a preliminary budget that for the third consecutive year, would reduce the property tax mill rate in the School District of Milton.  What this means for district taxpayers is that the anticipated property tax increase is less than first anticipated.  While the cost of the referendum questions remains unchanged, the actual increase for property tax owners is .56 on the mill rate or $56 for every $100,000 compared to last year's property taxes.  Year two  of the two-step phased in approach would be an additional $177 per $100,000 of equalized property value as stated above.  The chart above best illustrates how the mill rate has changed over time, and could/would change if the referendum were to be successful.  

Estimated Property Tax Impact Calculator

Working in partnership with our financial advisors, we have put together an estimated property tax calculator.  The calculator allows you to plug in the equalized property value of your property and then calculates the estimated property tax impact of the proposed referendum questions for you.  

To access the estimated property tax calculator please click on the link below.

2016 SDM Referendum Estimated Property Tax Calculator 

  • School District of Milton
  • 448 East High Street
  • Milton, WI 53563
  • Phone (608) 868-9200
  • Fax (608) 868-9216
  • School District of Milton
  • 448 East High Street
  • Milton, WI 53563
  • Phone (608) 868-9200
  • Fax (608) 868-9216
  • School District of Milton
  • 448 East High Street
  • Milton, WI 53563
  • Phone (608) 868-9200
  • Fax (608) 868-9216
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