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Savannah R-III board warned HJR 5–8 could cut roughly $2.8 million in local school revenue
Summary
At a regular Savannah R-III Board of Education meeting, Dr. Hance briefed the board on early-stage House Joint Resolutions 5–8 that would change residential and personal property tax treatment; he warned the district could lose about $2.8 million and said negotiators discussed a tiered valuation approach and a possible one-time levy adjustment.
At a Savannah R-III Board of Education meeting, Dr. Hance delivered a legislative update on House Joint Resolutions 5–8, which are in early-stage consideration in the Missouri Legislature and are aimed at modifying residential and personal property tax rules.
Dr. Hance told the board the proposals, if enacted as currently discussed, could eliminate personal property tax and move residential…
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