2016-17 Tax Levy Summary
- The school board set the tax levy at $26,916,645 in the city of Oak Creek and $5,748,697 for the city of Franklin.
- The voter-approved debt accounts for an approximately .74% increase within the overall 5.15% decrease in the levy.
- The tax levy for operations decreased approximately 6.65%, which in part is the result of the certified state equalization aid of $33,164,088
- The Oak Creek-Franklin School District tax rate will decrease by 88 cents from $9.80 per $1,000 of equalized value in 2015-16 to $8.93 this year — a decrease of 5.15%.
On November 4, 2014, voters in the Oak Creek-Franklin School District approved a $59,095,000 master plan referendum to address student enrollment growth and facility needs. Oak Creek High School as well as five of the district’s elementary grade levels were over student capacity with additional enrollment projected in the next five years.
The referendum authorized the district to borrow funds not to exceed $59,095,000 to construct a new elementary school for grades 4K-5th on district owned land located at Drexel Avenue and 20th Street and a new 9th Grade Center on district owned land next to the existing high school.
The new Forest Ridge Elementary School welcomed its new students and staff on September 6, 2016. Construction on the 9th Grade Center started in January 2016 and will be completed in August 2017 to welcome the new incoming freshman for the 2017-2018 school year.