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Budget

2020-2021 Budget Development

Check Back Often. Information regarding the 2020-2021 School Budget will be posted as it becomes available during the budget development process.

BoE Meeting dates and scheduled presentations regarding the 2020-2021 School Budget.

Warwick Budget Presentation 1

Warwick Budget Presentation 2

Warwick Budget Presentation 3

Warwick Budget Presentation 4


    School Tax Information

    Tax rates for each municipality within the district are set each August. They are based on the tax levy for the year and final municipal assessments for each of the towns. Tax rates vary between towns because property in each is assessed at different levels in relation to full market value. The state assigns each town an equalization rate to fairly divide the tax levy between the towns. The district does not control any part of the assessment or equalization process.

    • Town of Warwick: $159.34 per $1,000 of assessed value
    • Town of Chester: $38.08 per $1,000 of assessed value

    Warwick’s tax levy history

    • 2019-20  –  2.69%
    • 2018-19  –  2.95%
    • 2017-18  –  1.80%
    • 2016-17  –  0%
    • 2015-16  –  1.41 %
    • 2014-15  –  1.73%
    • 2013-14  –  3.37%
    • 2012-13  –  2.72%
    • 2011-12  –  3.67%
    • 2010-11  –  3.07%
      • Last 5 Years  –  1.77%
      • Last 10 Years  –  2.34%
      • Last 20 Years  –  5.13%

    Tax levy limits, explained 

    The tax levy limit is the highest allowable tax levy (before exemptions) that a school district can propose as part of its annual budget for which a simple majority of voters (50 percent + 1) would be required for authorization. Any proposed tax levy amount above this limit would require budget approval by a supermajority (60 percent or more) of voters. The tax levy limit sets a threshold requiring districts to obtain a higher level of community support for a proposed tax levy above a certain amount.