SOUTH BELOIT - The South Beloit School District Board of Education has adopted a $12,590,590 total budget for the 2019-2020 school year.
The budget is up slightly from last year's figure of $12,495,347 million, according to Superintendent Scott Fisher.
Fisher said the increase in the budget is due to inflation as the district is not increasing services.
The tax rate is 6.5%. A homeowner with a home valued at $100,000 would pay around $1,777 in property taxes for school purposes. Depending on the homeowner, it would be up $58 to $69 from the previous year.
The total tax levy the district will receive is $5.4 million.
Of that, $1,023,594 is bond payments for the high school.
The current proposed budget for the district in 2019-2020 is $12,590,590 and projected revenue is $12,701,709.