School District Sees Increase in State Aid
The Oak Creek-Franklin School District property tax levy will stay about the same thanks in part to an increase in state aid. A majority of Wisconsin school districts saw a decrease.
As expected, the Oak Creek-Franklin School District will see a slight rise in state aid this year.
Oak Creek will receive $26.3 million in state aid, a 1.5 percent increase from last year ($25.9 million), according to finalized state aid numbers released Monday by the state Department of Public Instruction.
The state aid increase will helped keep the district's property tax levy steady.
The finalized state aid amount is in line with an estimate released earlier this summer. With that estimate, the school district projected the levy increasing 0.77 percent ($32.1 million to $32.3 million). The tax rate would decrease from $8.78 per $1,000 of equalized property value to $8.68.
The Oak Creek-Franklin School Board will finalize the budget later this month.
Oak Creek is an exception in seeing a state aid increase. A majority of school districts in Wisconsin — 64 percent — are getting less state aid than they did last year, according to the DPI.