FWCS reports fractional increase in tax levy - June 27, 2007
Record Number: 3253
Displayed from: Jun 27, 2007 , until: Jul 04, 2007
Fort Wayne Community Schools announced today its total bill to residents within the school district will be $111 million which represents an increase of just .5 percent over last year. The exact increase is $545,150. "This is good news for people who live in the FWCS district," explains Kathy Friend, chief financial officer for the school district. "It's not the big increase some predicted, and in fact, remains very close to what we received last year. Friend credits the efforts of legislators who worked hard to reduce the expected burden to taxpayers. "There is so much confusion and misinterpretation surrounding tax issues, particularly in light of the proposed building project and annexations," explains Friend. "This year's reassessment caused assessed value in the FWCS district to increase 7.3 percent, however, our overall tax rate declined 6.3 percent. The net effect is a minor increase in the FWCS portion of the property tax." If the FWCS building project is approved, the estimated tax increase is an additional 4.2 percent for each of five years beginning in 2008. For a home assessed at $100,000 this would be about $42 per year, explains Friend.
With nearly 30,000 students, Fort Wayne Community Schools is one of the largest school districts in Indiana. FWCS proudly allows families to choose any of its 50 schools through its successful school-choice program creating diversity in each school, including some with more than 75 languages spoken. FWCS offers seven magnet schools focusing on areas such as science and math, communication, fine arts or Montessori at the elementary and middle school level. In high school, students can choose from the prestigious International Baccalaureate program, Project Lead the Way or New Tech Academy as well as other rigorous academic and specialty training programs.