The T/E School Board will not ask the state for an exception to allow it to raise taxes more than 1.7% for the 2013-2014 School Year.
The full school board voted Monday night on a recommendation from the T/E School Board Finance Committee.
The vote mean the board will no longer be able to seek an exception from the State School Board to raise taxes higher than the 1.7% allowed by state law for the 2013-2014 school year.
While still facing a deficit, the board voted to make up any budget gap from the district's fund balance. How much that amount will be remains in flux often until the last day of June due to several variables. Current estimates put the projected deficit under two million dollars. District officials expect that it will be less.
For taxpayers, the vote means school taxes will not increase more than 1.7 percent, if at all, for the 2013-2014 school year.