Property valuations affect new LCC budget

LAUREL — The Laurel-Concord-Coleridge School Board is asking taxpayers to chip in a bit more this year to help educate local students. The LCC Board approved a $9,760,000 budget Monday. This new budget reflects a one-percent increase of $82,087 over last year’s budget. Additional funds are needed because the school experienced an increase in special education expenses of $250,000. The tax rate for the 2019-20 budget is .607, compared to .544 last year. School officials had little choice but to raise the tax levy since the valuation of land in the Laurel-Concord-Coleridge School District declined again this year. The assessed valuation of all the property in the district is $979,854,085. This is down four percent from last year when the assessed valuation was $1,020,542,037.

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