The Martinsville School Board has passed a $20.1 million budget for next year. That's about $3.5 million less than the current budget. The spending plan calls for 52 positions to be cut, and 31 people will lose their jobs.
School budgets are of interest to homeowners because they directly impact property tax levels. They can also indirectly affect property values -- homes in school districts with good reputations are sought after by young families.