City Schools of Decatur holds first of three millage hearings after tentative 20.3 mills adoption

City Schools of Decatur opened the first of three public millage-rate hearings at 9 a.m. with a presentation from Dr. Broom, the district—s chief financial officer, explaining that the district has tentatively adopted a millage rate of 20.3 for fiscal year 2026 and that the computed rollback rate is 19.083.

Dr. Broom said the 20.3 mills figure is 1.217 mills higher than the rollback rate and represents a 6.38% increase in property tax revenue compared with the rollback calculation. Using the district—s examples, he said the tentative increase would be approximately $426 annually for a home with a fair market value of $700,000 and about $548 for nonhomestead property with a fair market value of $900,000; he said the average increase equates to about $61 per $100,000 of assessed value.

The presenta…