The Ottawa school board has approved the budget for the upcoming year. The overall numbers show an increase in spending over last year, at 36 point 8 million dollars, a little over 3 million more that the previous amount. Part of that has to do with the additional dollars they district will be receiving from the state and, in part, the increase in property valuation, which in turn increases the value of a mill. USD 290 finance director Terry George explains
One mill is one dollar of property tax levied against each one thousand dollars of assessed valuation. The assessed valuation in Ottawa this year was just over 140 million dollars.
