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District staff proposes slightly lower tax rates as assessed values rise; public hearing set for approval
Summary
District staff presented proposed levy rates that reduce the per-thousand tax rates because overall assessed value rose; staff said the proposal would still produce roughly $7.4 million in additional revenue and will be scheduled for approval at the next regular meeting after public comment.
Carrie, a district staff member, told a public tax-rate hearing that staff is recommending slightly lower per-thousand levy rates for the next tax year because overall assessed value in the district rose, even as total property-tax revenue is expected to increase.
The staff presentation showed proposed fund allocations and rates: a general fund levy of 1.084 (per $1,000 of assessed value), a teacher fund levy of 2.0132, a capital projects levy of 0.046, and a debt-service levy that remains unchanged at 0.49. Carrie said the blended operating rate in the presentation (excluding debt service) declined and that, when debt service is included, the blended rate staff used in the revenue example was 3.6332.
Why it matters: the district’s allowable growth is constrained by the Hancock Amendment and the growth cap used for the district’s calculation this year is tied to the consumer price index; Carrie said CPI for tax year 2025 is 2.9 percent. Staff showed that, despite the…
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