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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 property taxation to a tiered system based on lot square footage and a home’s age. “If we didn’t have that this year, that’d be about $2,800,000 that we wouldn’t have,” Dr. Hance said, describing the district’s exposure if personal property tax revenue were reduced or removed.
He said some versions discussed adding a CPI-based growth factor and that the legislature has floated a one-time levy adjustment to offset immediate losses. Dr. Hance emphasized the proposals are preliminary and that the resolutions (referred to in meeting materials as House Joint Resolutions 5–8) are assigned to committee.
Board members and staff noted Missouri ranks low in state school aid and that the district relies heavily on local revenue. The chair said the board has communicated concerns to legislators and will monitor developments; the board also plans to follow guidance and sessions at the upcoming Missouri School Boards’ Association conference.
The legislative package is still under discussion and MSBA guidance remains limited, Dr. Hance said. The board did not take formal action but indicated it would stay engaged and ask staff to track potential changes to levy calculations and district revenue projections.
