The proposed 2020-21 final budget for the Daniel Boone School District would hold the line on property taxes.
The $59.6 million proposed spending plan would keep the district's property tax rate at 31.584 mills. That means the owner of a home assessed at $100,000 would pay $3,158.40.
The school board is scheduled to cast a final vote on the budget at its June 15 meeting.
According to the proposed budget, the district is expecting to lose about $3.2 million in property tax revenue and $1 million in investment earnings. Schools districts across the state are expected to see around 4% decreases in local revenue as a result of the COVID-19 pandemic's impact on the economy.
At the same time, state and federal funding are expected to remain flat.
The result for Daniel Boone is a 2020-21 budget that includes a $3.3 million hole. That will be covered by the district's reserve funds.