Watertown School Board Approves Budget and Levy Resolution for 2024-2025 Fiscal Year
The Watertown School Board has approved the budget and levy resolution for the upcoming fiscal year, with a total of $128,298,839 allocated to support the operation of Watertown School District #14-4. The budget highlights include a decrease in salaries by $184,345, an increase in benefits by $532,115, and a slight rise in supplies and insurance fees. Property tax levies for different property classifications have been set, with per student equivalent funding increasing from $7,120 to $7,405.
The capital outlay budget includes expenditures related to the Athletic Complex, with the fund’s ending cash position supporting ongoing construction. Special education staff salaries have increased by $380,700, bringing the fund’s ending cash position closer to the 15% fund balance target. Lake Area Technical College’s budget includes construction payments for the Archway and Dental Renovations, with revenue sources from State tuition buy-down and Federal Grants.
Other funds such as the Employee Benefit Trust and K-12 Nutrition show typical activity. The approval of the budget and levy resolution sets the stage for the upcoming fiscal year in the Watertown School District, ensuring the continued support and operation of the educational system.