The Ottawa School Board has approved the budget for the upcoming year. The overall numbers show an increase in spending over last year, at $36.8 million, a little over $3 million more than the previous amount. Part of that has to do with the additional dollars the 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 the property tax levied against each one thousand dollars of assessed valuation. The assessed valuation in Ottawa this year was just over $140 million.
