PRINCETON — The financial picture at Princeton High School remains strong, according to Superintendent Kirk Haring.

At Wednesday’s meeting, the PHS Board approved a tax levy extension of $5,381,683 for taxes payable in 2013. The tax rate is currently at 2.0862 but is projected to decrease to 2.0611 with the final number to be determined by the equalized assessed valuation (EAV) of the district, Haring said.

On Thursday, Haring said the assessor’s estimated EAV for the district is $251,190,890, which represents a slight increase from the previous year. Based on the projected EAV, a 2-cent savings could be realized in the tax rate. Any time the school district can give any type of decrease in its tax rate, that’s a tremendous thing, he said.