The Royall Board of Education approved a mill rate of just less than $9 at its meeting Monday.
In other words, property taxpayers within the district will pay $9 per $1,000 of equalized valuation, which is based on a state Department of Revenue formula designed to eliminate assessment inconsistencies among municipalities.
Other governmental entities, such as local municipalities and technical schools, make up the balance of a property-tax bill.
At the district’s annual meeting last month, administration had projected that the mill rate would be about $9.63. Last year’s figure was $9.53.
Royall’s 2018–19 budget will be $7,564,583, of which $1,992,107 will come from the local levy. The remainder will be derived mainly from state sources.
Of the total local levy, $1,373,372 will go toward the general fund; $598,735, toward debt service; and $20,000, toward community service (i.e., the summer recreation program).
Other business
• Citing “positive feedback,” the administration is making plans to continue offering the homecoming parade and skit night on Wednesday night. Traditionally, the event had been held on Thursday.
