By Jeff Simpson
The Madison School District passed its $433.6 Million annual budget with a 4.47% hike in the levy.
In two separate votes, the board passed the budget and tax levy 6-1, with member Mary Burke casting the no votes.
The $433.6 million budget includes a $260.4 million tax levy. The levy means homeowners will pay $12.03 per $1,000 of assessed value, up 51 cents from last year. That translates to a $119 increase over last year on the average $231,000 Madison home.
The 4.47 percent increase over last year’s $249.3 million levy is smaller than what district officials originally expected to seek from the school board. After losing $8.8 million in general state aid, the levy was expected to increase 7.38 percent according to Mike Barry, assistant superintendent for business services.