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Kings board previews Nov. ballot: 1% earned income tax paired with property-tax reduction
Summary
Superintendent Sears and Treasurer Morrow presented a plan to place a combined 1% earned income tax and a property-tax reduction on the Nov. 4 ballot, aiming to reduce homeowner property taxes while stabilizing district operating revenue and avoiding near-term large cuts.
Superintendent Sears and Treasurer Morrow told the Kings Local School District Board of Education that the administration will place a combined 1% earned income tax with a property-tax reduction on the Nov. 4 ballot to create a steadier revenue stream and reduce homeowners' property taxes.
The proposal pairs a new 1% earned income tax with a reduction of the district's 2022 operating levy collection rate from 6.4 mills to 5.4 mills. "A vote on this issue is voting for or against the 1% earned income and the property tax reduction," Morrow said, adding that the ballot language is set by state officials.
Why it matters: District leaders said the change aims to reduce the frequency of operating levies and produce inflation-driven revenue growth that property levies do not provide. Treasurer Morrow told the board the district is "projecting to have a negative cash balance in August 2027" if revenue conditions continue, and administrators said the measure would fund day-to-day…
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