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Clarkston board holds statutorily required tax hearing and approves 2025 tax rate request
Summary
At a May 12 meeting the Clarkston Community Schools Board held a required public tax hearing led by Executive Director of Business Services Marybeth Rogers and later voted to approve the district2025 tax rate request after hearing the presentation.
Marybeth Rogers, executive director of business services for Clarkston Community Schools, presented the district2025 tax information at a statutorily required public tax hearing on May 12 and told the board the district would keep its operating levy at 18 mills and its debt levy at 7 mills.
Rogers said the district had renewed its homestead operating levy but that renewal would not take effect until the 2026 levy year. She told the board the districts taxable value rose just under 6 percent and summarized recent debt-management actions she said produced savings and interest earnings invested to reduce long-term costs.
The presentation noted recent interest earnings the district credited to bond payments: about $351,000 in 2023, just under $500,000 in 2024 and an anticipated roughly $390,000 for this year, which Rogers said were being invested to offset debt costs. Rogers also said the district has realized what she described as $11,600,000 in interest cost avoidance and $30,500,000 in savings from past refundings and debt activity.
After the required hearing, the board voted on a motion to approve the 2025 tax rate request as presented. A board member moved the motion, it was supported, members responded in the affirmative and the motion carried.
The public tax hearing was held at the start of the meeting and closed before the regular meeting resumed; the approval vote on the 2025 tax rate request occurred later in the agenda.
