Superintendent explains Lyndeborough increase
LYNDEBOROUGH – There are more children in the school system this year than last, which caused a rise in the local school portion of the tax bill – an increase of $1.55 per $1,000 valuation.
Superintendent Bryan Lane offered the explanation in a letter posted on the SAU 63 website.
In the last tax cycle, Lyndeborough students made up 24.85 percent of the population. In this cycle, they are 26.93 percent, an increase of 2.08 percent.
The current operating budget is $12,281,936, and 2.08 percent of that budget is $255,464.
In Lyndeborough, every time the budget increases by $165,000, a dollar is added to the tax rate.
The median value of homes in Lyndeborough is $246,000. This means that the increase in the portion that a Lyndeborough homeowner will pay in taxes would be about $381.
"This increase is not due to an increase in the budget itself," Lane said, "it is solely due to the increase in the percentage of students in the Wilton-Lyndeborough Cooperative School District that live in Lyndeborough."
– JESSIE SALISBURY