Saco School Budget Proposal: $59.9M, 10% Tax Hike
Portland Maine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Saco School Officials Propose $59.9M Budget, Seeking 9.94% Tax Hike
The Saco school district has presented a preliminary budget for next year, totaling $59.9 million, a 4.1% increase from last years $57.2 million. This would result in a $3.2 million tax revenue boost, pushing for a nearly 10% hike at 9.94%. The spending side sees a more modest rise of $2.7 million, or 4.74% over last year, driven by increased staff salaries and benefits, and higher tuition costs at Thornton Academy. The budgets success depends on student numbers, property values, and local demographics like family income. Sacos property valuation is projected to climb 10.53% by 2027, below the state average, while enrollment drops and poverty rates hit 36% among students, the highest in years. The budget is still fluid due to unclear health insurance hikes, and discussions will continue through spring, leading to a public hearing on May 4th.
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