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Pine-Richland board weighs up to 5.29% millage increase as CLR shrinks tax base
Summary
Board members debated whether to use reserves, issue debt or raise property taxes — options ranged from a modest 2.19% to the 5.29% statutory maximum — to close a projected roughly $3 million operating gap driven in part by a county reassessment (CLR).
The Pine-Richland School Districtjoint finance governance board spent much of its May 4 meeting debating how to close a projected operating shortfall triggered in part by a drop in taxable assessed values after a county-level reassessment. Board member Mark Kashani proposed a 4.2% millage increase as a compromise; other trustees pushed for either the full 5.29% maximum or a smaller restoration to 2017 levels.
Why it matters: Dr. Miller told the board that roughly 79% of district revenue is local and largely dependent on real-estate tax receipts, and that the countylevel reassessment (CLR) has reduced assessed values and revenue. Facing rising costs and stagnant enrollment, district staff project a starting shortfall of about $3 million next…
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