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DeSoto County School Board approves 9.97-mill decrease, requests $119,827,994 in operational levy
Summary
At its Aug. 7 meeting the DeSoto County School Board approved a 9.97-mill decrease in its property tax levy and filed a request for $119,827,994 in operational taxes, after presentations on state funding shortfalls and local budget pressures.
At its Aug. 7 meeting the DeSoto County School Board voted to request $119,827,994 in operational tax revenue, approving a 9.97-mill decrease in the district's proposed levy. The board adopted the option after presentations from district staff and a county tax official that described a $4 million shortfall in state funding and other budget pressures that lawmakers and assessors attribute to recent changes in the state funding formula and valuation rules. Jeff Fish, a county tax official who addressed the board, said the county has relied on "a minimum of 3% new growth" to sustain revenues and that recent changes in…
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