TREVOR — With the help of consolidation benefits embedded in its state aid, the Trevor-Wilmot School District came very close to completely holding the line on its tax levy.

“The levy is not increasing significantly due to the increase in state aid,” School Board president Tom Steiner said during Tuesday night’s annual meeting.

District electors approved a slight, 0.8 percent increase in the levy Tuesday night, from $2,463,149 to $2,484,544, up only $21,395. The corresponding tax rate is estimated to be $6.60 per $1,000 of equalized property value. This means the owner of a $200,000 home can expect to contribute $1,320 to help operate the two schools within the K-8 district.

The local levy will account for 32 percent of the budgeted revenues while state aid is anticipated to make up 66 percent of the total revenue. State aid is anticipated to increase 4.7 percent, from $4,336,352 to $4,551,859. Included in that state aid is the consolidation benefit, given for five years after a district is formed through consolidation.

General fund expenditures are budgeted to increase 3 percent, from $6,641,019 to $6,842,210. Overall expenditures will increase 2.8 percent, from $7,432,597 to $7,643,392.

For the first time the budget includes Fund 73, a trust fund to cover the cost of post-employment benefits. The district will contribute $178,507 to this fund.

While all of the money in this fund is currently invested in money markets, the district is considering other investment options for money that will not be needed for retirement payments for more than five years.