USD 383’s mill levy will increase by at least 2.048 mills, according to the budget options from the school board Wednesday.
The board didn’t make a decision on the budget during the meeting, but they were presented funding options by budget director Lew Faust. All of the options represent an increase from last year’s mill levy of 50.396 mills.
If the total mill levy goes to 52.444 mills, that would result in a residential tax bill of $557.11 in taxes per $100,000 in property value, an increase of $23.56 from last year. For a business, that impact would be $1,311.10 in taxes per $100,000 in assessed valuation, an increase of $51.20 from last year.
More on the budget discussions will be available in Thursday’s Mercury.