Teton County School District No. 1

Teton County School District No. 1 will see both a bump in revenue and spending this fiscal year, according to the budget the school board approved.

Executive Director of Resources Kristen Mayo presented the budget for fiscal year 2020, which started July 1, at the Board of Trustees’ monthly meeting Thursday.

Along with a roughly $1.5 million increase in spending, the district expects to see its total revenue grow by about $6.5 million.

Much of the increase comes from the 25-mill special district tax the county levies on property owners. The state assessor’s office mandated changes to property tax assessments in Teton County in 2018, saying the county assessor had undervalued properties. Since the levy is always 25 mills, or $25 in tax per $1,000 of assessed value, the adjusted assessment increased revenue for the school district.

The special district tax is estimated to bring in a total of about $49.7 million, roughly $7.7 million more than in fiscal year 2019.

Trustees asked Mayo questions about transportation costs, the percentage of the district’s budget taken up by staff salaries and benefits, and whether they could be given a more detailed budget.

Salaries and benefits account for 88% of the next fiscal year’s budget. That continues a trend of staffing costs becoming a larger part of the budget each year.

The school unanimously approved the budget.

Read more in Wednesday’s Jackson Hole News&Guide.

Contact Tom Hallberg at 732-5902 or thallberg@jhnewsandguide.com.

Tom Hallberg covers a little bit of everything, from skiing to long-form feature stories. A Teton Valley, Idaho, transplant by way of Portland and Bend, Oregon, he spends his time outside work writing fiction, splitboarding and climbing.

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