- By Dan Veaner
- News
The Lansing Board Of Education received an update Monday on its $29,220,000 2017-18 budget. Business Administrator Mary June King said that current estimates show a property tax levy increase of about $493,570 (2.87%). That will keep the $17,656,022 levy barely below the state-imposed tax cap. King said that under-spending this year's budget will provide funds needed to fund next year's budget beyond the levy amount allowed under the tax cap.
"I am projecting that we will be appropriating $530,000 to make the budget. That's because we are limited with the levy. We are at least that good in our operations this year. My assumption is we will appropriate to the tax cap -- we will go as far as we can with the allowable tax cap. Our budget is going to be $29,220,000. I'm hoping to bring that down a bit."