CEDAR FALLS — The Board of Education Monday is expected to give final approval to an $85.3 million 2018-19 budget and a 1 percent increase in overall tax collections.
The board meets at 5:30 p.m. in the council chamber of City Hall, 220 Clay St.
Prior to the board’s vote, a public hearing will be held on the budget for the fiscal year starting July 1.
A total of $27.8 million will be collected from Cedar Falls Community Schools property taxpayers, or $27,698 more than during the current year. Officials proposed a tax rate of $13.95 per $1,000 of taxable value, a 32-cent drop from this year’s rate. That is a factor in the possible decrease of district tax bills for individual property owners. Cedar Falls also saw a 4 percent increase in its valuation base, most of which is due to new construction and growth across property classes in the community
CEDAR FALLS — Cedar Falls Community Schools expects overall tax collections to rise by just …
For the owner of a $200,000 home, taxes would drop by $73.87 to $1,485.52, assuming the home’s value has not increased since last year. Taxes are also expected to drop on commercial/industrial, multi-residential and agricultural properties.
In other business, the board will:
- Hold a public hearing on a budget amendment for the current fiscal year increasing it from $42.75 million to $43.58 million in the area of instruction with approval slated for later in the meeting.
- Consider upgrading the district’s heating, cooling and ventilation control system at a cost of $30,900. It district would sign a five-
- year service and software support agreement with Johnson Controls.
- Discuss a five-year technology plan update.