Green Bay, Wis. (WFRV) -- Monday night, the Green Bay School District unveiled it's 2012-13 budget.
The proposed tax levy remains the same as the current year. But because of falling property values, city property owners will see a slight increase in their property taxes.
The proposed budget meets two goals developed early on by the school board: not to cut programs and not to increase class size.
The 2012 - 13 budget for the Green Bay School District is about $238 million dollars.
The portion of that budget paid for by property owners is roughly $81 million dollars.
But since property values within the district have fallen by 3.6% percent, the equalized tax rate used to offset the decrease will be set at 3.7%.
That means the owner of a piece of property valued at $100,000 dollars will pay $37 dollars more in property taxes.
Now in November 2011, the district projected a $9 million deficit for the upcoming year. But thanks to adjustments, some of which were the result of Act 10, the district was able to balance their books.
Items such as a $1.2 million dollar increase by employees to their retirement funds, $5 million dollars in changes to employee health benefits, and a reduction of roughly 29 support positions all helped balance the budget.
"The number one priority is to not cut things that affect students and then we look at others things we can cut," said Green Bay School Board President Brenda Warren. "Significant contributions of our entire staff has made balancing this budget possible without cutting programs."
Monday night the school board voted to tentatively approve the budget so they can begin holding public hearings. Those are set for October 8th and 22nd.
After that final meeting, the school board will vote on whether or not to adopt the proposal.