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Officials review tax-rate calculations, voter-approval threshold and fund allocation options
Summary
Meeting participants reviewed property-tax rate calculations, compared the no-new-revenue and voter-approval thresholds, and discussed splitting levy revenue between the general fund and the Road and Bridge fund; no formal rate decision was recorded.
Meeting participants reviewed calculations of the property tax rate and discussed how to divide levy revenue between the general fund and the Road and Bridge fund. "Our rate now is $32.09 19. The no new new revenue rate is 0.304, and then the voter approval rate is 0.3335," Speaker 2, a staff member, said. "And we need to be somewhere under or actually, the 3 3 3 5 is under because it's 3 3 3 6. So it can be anywhere below that voter approval rate because we don't wanna have to…
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