State law requires the school district to cap annual increases at 2%.
However, the SO-M school district could use what is known as a "banked cap," which is savings it took in the last budget below the 2% cap, allowing the district to use that "savings" in the new budget.
If that is done the proposed tax levy budget would increase to $104,473,642.
If the banked cap is utilized, the average Maplewood household tax increase would be $217.
If the 2% cap is held, the average household tax increase for Maplewood would be $181.
The latest budget presentation can be found HERE.
The budget proposal includes some $2.8 million in spending cuts, among them more than $1.5 million in salary reductions that would eliminate six special education staffers, among other jobs.
The largest increase is more than $2 million in increased salary and benefits for district employees.
The Board of Education will meet again to discuss the budget on Monday, Feb. 25.
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