BATAVIA – Batavia School District 101’s tentative budget for 2013-14 shows a $615,000 surplus.
Batavia school board members Tuesday voted to place the budget on public display.
Board members are set to participate in a budget workshop Aug. 13, and a public hearing on the budget is set for 7 p.m. Sept. 24 at the Rosalie M. Jones Administration Center, 335 W. Wilson St., Batavia.
The tentative budget shows revenues of $81 million, and expenses of $80.4 million.
The district is set to collect $57 million in property taxes, an almost 6 percent increase from last year.
Most of that increase stems from property that was in a tax increment financing district in Aurora that included Chicago Premium Outlets Mall, said Kris Monn, the district’s assistant superintendent for finance.
That district expired in 2012.
A TIF district allows the amount of tax revenue a taxing district receives from the area to be frozen at current levels.
A TIF district can be in place for up to 23 years.
About $51 million in salaries and benefits are included in the tentative budget.
The amount of salaries will go up 2.5 percent from last year, and the amount of benefits will increase 16 percent from the previous year.