Centre school board held a special meeting Tuesday to approve a proposed 2015-16 budget.
The 44.72. mill levy remains unchanged from the previous year, as assessed property valuations increased by $1,384,000 to $22,850,264 to help hold the line.
Superintendent Susan Beeson said the budget was reviewed with the Department of Education.
“They were quite impressed with the management of our money,” she said.
The budget authorizes general fund expenditures of up to $3,464,475, an estimated $120,000 increase.
Beeson said a one-mill increase in capital outlay will rebuild the fund, and is two mills less than the 8 mills the board is authorized to levy.
Three bond payments remain. Beeson said the bond could be paid off in 2016, saving $10,000.
The contingency reserve fund contains more than $400,000.
“We are in good shape,” Beeson said.