Faced with rising employee and charter school costs, Exeter School officials are preparing a preliminary budget for approval in February that raises taxes to the maximum amount allowed by the state.
The district is looking at raising taxes 1.7435 mills, to 31.8466 mills. The tax bill for a property assessed at $100,000 would increase about $175 to $3,185.
That would be a 5.8 percent increase. The state puts a 2.2 percent cap on district tax increases this year, but the district anticipates ceiling exceptions for pension, special education and construction costs.
The preliminary 2013-14 budget currently totals $67.83 million, about $5 million greater than this year’s. Among the reasons for the difference are $1.5 million in increased pension costs and $1.1 million in increased wage costs.