The Ballston Spa Board of Education has approved the tax rates that will be used to calculate the tax bills that will go out Sept. 1 to property owners.
The 2011-12 school tax levy voters approved in May totals $42.8 million, up from $41.8 million last year, and three of the four towns in the district will see tax rates rise.
Rates as approved by the board last week vary from town to town because different towns assess properties at different percentages of their full value, and property values change from year to year.
The new rates are:
- Ballston, $19.11 per $1,000 assessed value, down from $19.64 last year
- Charlton, $26.21, up from $25.81
- Malta, $18.35, up from $18.07
- Milton, $19.73, up from $19.43
Malta, where the GlobalFoundries computer chip plant is located, has the district’s highest total property value, at more than $1.1 billion.
Based on the factory’s $400 million assessment — which the company is challenging in court — GlobalFoundries will be getting a school tax bill of $7.34 million. Under a special agreement, 25 percent of that total will be paid to the Stillwater School District, since the GlobalFoundries property is on the boundary between the two districts.
The 2011-12 school district budget approved by voters in May totals $72.8 million, a less than 1 percent increase in spending, though the tax levy is increasing about 2.4 percent.
The budget cut 33 positions from the payroll, including 28 teachers throughout the district, two teaching assistants, a clerk, the coordinator of human resources and a community event coordinator.