NU School Board Approves Levy 23 Dec 11

The New Ulm District 88 School Board on Thursday gave it’s final approval to the district’s property tax levy for next year. The nearly $5-million levy is only a .65% increase over this year’s levy. The school board also adopted a revised budget for the current school year on Thursday due to a $50 per-pupil increase in state funds and greater than expected student enrollment. The district’s revenue for the school year increased by nearly $489,000 as a result, meaning the budget deficit was reduced to just over $230,000. The board approved an early retirement incentive for teachers on Thursday as well. The money-saving measure has been successful in the past, with the district saving about $25,000 for every teacher that takes early retirement. About 25 teachers are eligible this school year, and have until February 17th to accept the district’s offer.