Board of Education Adopts $246 million Budget
The Mount Vernon City School District Board of Education unanimously approved a proposed $246,169,123 budget for the 2017-2018 school year on April 18.
The budget has a zero percent increase in the tax levy.
The total proposed taxes to be collected by the school district will be $134,077,473, which is unchanged for the fourth consecutive year.
The proposed budget is a 3.11 percent increase, or $7,419,288 above last year’s approved budget of $238,749,835.
In March, Moody’s Investors Service upgraded to A1 from A2 the underlying rating of the school district’s $87 million in general obligation debt. Moody’s also upgraded the district’s enhanced rating to Aa3 from A1. A better bond rating means the district will pay lower interest rates, saving millions of dollars in debt service in the coming years and providing more money for our schools and students.
The proposed budget is 100 percent aligned with the Board of Education’s goals to create systems to promote student achievement and increase outcomes, paying particular attention to subgroups in order to close the student achievement gap and implementing a multi-year plan for improving buildings, grounds, and facilities, including the exploration of private and public partnerships.
The Mount Vernon City School District and the Board of Trustees are committed to ensuring that our community has all the necessary information to make an educated vote on Tuesday, May 16, 2017 School Budget and Trustee Election.
To ensure our community is adequatley informed the district will engage in a series of community presentations throughout the Mount Vernon Community. These presentations will take place on the following dates:
Tuesday, April 4, 2017 @ 6:30 p.m. Education Center
Tuesday, April 18, 2017 @ 6:30 p.m. Education Center
Wednesday, April 19, 2017 @ 6:00 p.m. Rebecca Turner Elementary School
Wednesday, April 26, 2018 @ 6:00 p.m. Thornton High School
Tuesday, May 2, 2017 @ 6:00 p.m. Education Center (District-Wide Public Hearing)
Wednesday, May 10, 2017 @ 6:00 p.m. Pennington School