Thursday, August 6, 2009

FY2010: Zero Taxes? Spend the Reserve? What Do You Think?

At our next meeting—Wednesday, August 19, 6:30 p.m., Madison Public Library—I will put forward for consideration a budget proposal for fiscal year 2010. The budget proposes a $4000 reduction in operating expenses. It also proposes reducing the tax levy to zero and funding operations by spending down the reserve.

As of our May meeting, our budget reserve stood at a little over $19,000 ($10,000 of which is in a CD; the rest is in our checking account). At the proposed level of spending, those reserves could sustain district operations for ten years without any levying any taxes from Lake Herman residents.

What do you think? Is a zero tax levy reasonable? If the district should maintain or even increase its tax levy, for what purposes should we use that money? Your input is welcome, here online and at the August 19 meeting.

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