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Committee adopts $4.4626 permanent tax rate and a $15.4M levy for bonded debt
Summary
Budget Committee approved a permanent tax rate of $4.4626 per $1,000 assessed value and a levy of $15,400,841 to retire a portion of the district's long-term bonded debt; the motion passed 11-0.
The Reynolds School District Budget Committee approved a tax levy resolution that sets a permanent rate of $4.4626 per $1,000 of assessed value and levies $15,400,841 categorized as education to retire part of the district's bonded debt. The motion was made by Michael Reyes and seconded by Catherine Nicewood and is recorded in the minutes as passing unanimously, "Yea: 11, Nay: 0."
The tax levy language included both the permanent rate and an explicit levy amount for bonded debt (excluded from some limitations), and was presented alongside the proposed budget. The committee recorded the levy details in the motion: "Levy Within Tax Base (Permanent Rate) $4.4626 Levy for Bonded Debt (excluded from all limitations) $15,400,841." The resolution will affect the district's property-tax collections for the coming fiscal year.
