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District budget, bond management reflect fiscal responsibility

Posted Date: 09/04/2019

District budget, bond management reflect fiscal responsibility

The Andover School Board recently approved its 2019-20 operating budget, and it included some good news for taxpayers.

The district’s mill levy for the year will hold steady, meaning no tax increase for district residents. The overall operating budget for the year is $77.9 million.

"Andover USD 385 taxpayers demand that our district delivers top-notch education for our students, while maintaining our commitment to being fiscally responsible," says Josh Wells, USD 385 Board of Education President. "I'm proud that even in the midst of everything we are doing related to our bond projects, which are also on-budget and on-time, we are still able to maintain our budget. The district team has worked hard to maintain that commitment to excellence."

Meanwhile, 98 percent of the bond projects approved by voters in May 2017 has been bid for Guaranteed Maximum Prices. These projects are well within the overall $188 million budget, and all projects are on track to be completed on time. Also, 30 percent of the projects’ overall contingency funds remain unused at this point.