Madison School Board passes preliminary, 14/15 budget - WKOW 27: Madison, WI Breaking News, Weather and Sports

Madison School Board passes preliminary, 14/15 budget

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MADISON (WKOW) -- The Madison School Board has passed a preliminary budget for 2014-15.

The roughly $400-million budget passed 4 to 3 following more than three hours of public comment and debate Monday night. It draws on an expected increase in state aid, accounted for in the current, two-year state budget.

The preliminary budget also calls for a roughly 2% tax increase. The increase would mean approximately $58 more for an average, Madison homeowner.

Mike Barry, the Madison Metropolitan School District's Assistant Superintendent of Business Services, said passing a preliminary budget is necessary to secure any short-term loans needed for expenditures. 

Barry said the budget will be re-examined and revised in the fall based on some numbers and statistics expected to be finalized in the coming months.

"Important numbers around equalization aid, or state support for the school district, and enrollment, staffing, tax levy, tax rate, tax base," Barry said, "those are all decided in late October or early November."

Barry said the revised budget must be passed by November 1.
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