Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Kings Local board approves statement of facts and advances ballot plan pairing a 1% earned‑income tax with a 1‑mill property‑tax reduction
Summary
Superintendent and treasurer outlined a proposed November ballot measure combining a 1% earned‑income tax with a 1‑mill reduction to an existing levy, plus an annual cash‑balance review policy; the board approved a statement of facts and treasurer consent items by roll call.
The Kings Local Board of Education on Tuesday heard a financial presentation from district leaders outlining a proposed November ballot measure that would create a 1% earned‑income tax and simultaneously reduce an existing 2022 property‑tax levy by 1 mill.
Superintendent Sears and Treasurer Morrow told the board the package is intended to produce a stable revenue stream that, according to the district’s five‑year forecasts, would avoid another operating levy request during that forecast period. “We do not anticipate, we will not be requesting another levy during the 5 year forecast, and potentially much longer,” Superintendent Sears said during the presentation.
District staff said the proposed earned‑income tax would apply only to earned income; retirement income,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
