by Jim Fredrickson
Chairman, Budget & Property Committee
ConVal School Board
In previous District Financial articles, we’ve provided information about how the school budget is developed and how the District Assessment is used to calculate the “local education” portion of property taxes in the nine towns in the District. We also explained the concept of unreserved fund balance.
This article will cover similar ground but will walk you through the tax calculation from the other direction (start with the property tax rates rather than with the approved budget). We’ll also explain how the unprecedented “return” of over $4 million to the towns in the District resulted in a reduction of your recent property tax bill.