The Holley Board of Education will cut the school tax levy by $800,000 or 10.6 percent according to the $25 million budget that was approved at the Monday, March 17 Board of Education meeting. The tax cut would reduce the tax rate for residents from $25.11 to a projected $22.44 per $1,000 of assessed property.
The 2014-15 operating budget will be $25,070,000, an increase over the 2013-14 budget of $2,093,571. The budget figure represents the addition of all-day kindergarten, four instructional staff positions and the elimination of short term debt.
At the polls voters will see the $25 million budget on the ballot and three propositions: one is for a $2.5 million capital reserve fund, the district received another proposal to decrease the size of the Board of Education from seven members to five; and a third proposition regarding the Community Free Library.
The vote will take place on Tuesday, May 20 from 6 a.m. to 9 p.m. in the Holley Middle School/High School foyer.
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