School Finance Tid-Bits

As YPS prepares for the beginning of the 2012-13 fiscal year on September 1st; there are several positives to look at. First off, our valuation is increasing 9.76% to $8,341,000. This means that every penny on our tax levy will generate $81,484. Our overall tax levy in 2011-12 was $1.26 and we anticipate the levy being able to decrease slightly for this upcoming year. We will be able to bring in about $75,000 more into our special building fund this upcoming year, which will help with our facility upkeep. Tentative projections call for YPS to receive $13,550,000 in 2012-13 while spending $13,300,000. GO DUKES!