The overall assessed value (For property tax purposes) of The Northwest Allen County School District has grown by 165% since the 1998-1999 school year as discussed in a previous post.
The overall student population (I am projecting 2005-2006) has grown by only 40% over that same time period.
What does that mean as far as property taxes? It means that the assessed value of the school district has grown OVER four times as fast as the student population over the last few years.
So my question is this, why on Earth did the School Board vote to ABOUT a 28% increase in their tax levy?