Although the State Department of Public Instruction’s July first general aid estimates indicate that the School District of Janesville will receive an additional $1.4 million next year, the numbers can be deceiving.
District Chief Financial Officer Keith Pennington says the property tax cap is down about $1.1 million which equals a total increase of about $280,000.
Pennington says $280,000 may seem like a lot of money but the district’s total budget is $140 million.
The numbers are just and estimate, the district should receive it’s final certificate on October 15th.
