A school district has set its tax rate for the upcoming budget at $1.0778 per $100 of taxable value. This rate is notably low, with the last time it was this low being before the year 2000. The district is facing a financial shortfall of $7.3 million, largely due to recent increases in teacher and staff compensation.

The tax rate was approved unanimously by the district's board. Further details about the budget and tax rate are available from the district's press release.

The district's financial situation is complex, with various factors at play.