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Stifel outlines tax impact if Liberty renews or raises M&O override
Summary
Financial adviser Mike LaValle told the board that renewing the district's 10% maintenance-and-operations override would appear as about $61 per $100,000 of assessed value in voter material while a 15% override would be about $91 per $100,000 in the first year; timing, ballot mechanics and replacement (not stacking) were explained.
At a public briefing April 13, Mike LaValle of Stifel Public Finance reviewed options and timing for a maintenance-and-operations (M&O) override renewal or increase, and the likely tax impacts for typical homeowners in the district.
LaValle said the district's current override—voter-approved at 10% in November 2022—began applying in fiscal year 2023-24 and phases down in its final years unless renewed. He explained that a renewal…
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