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“The desire is not to raise taxes at this point,” Business Manager Tish Holleman said during Monday’s school board meeting.
Trustees voted to keep the tax rate of $1.455 per $100 of assessed property value. That includes $1.17 for maintenance and operations and 28.5 cents for the interest and sinking fund, which pays the district’s debt.
So far, the draft budget includes $34.51 in revenue, which includes $10.56 million in property taxes and other local sources, $21.76 million from the state and $2.2 million from federal programs.
Proposed expenditures to date total $34.77 million, including $24 million in payroll, $3.65 million for debt payments, $3.5 million in contracted services, $2.61 million in supplies and materials, $731,600 for “other operating expenses” and $78,000 in capital outlay. That leaves a shortfall of about $256,900.
The numbers are still moving, Holleman said. The budget still needs “quite a bit of cleanup,” and even the revenue numbers are not quite firm yet. The school board will adopt its official budget in June, but the certified tax rolls will not be available until July.
“We did estimate the tax level at the end of April, and the numbers look pretty good right now. There is a small chance our numbers could go up,” she said. “These days, I think it’s a good thing if it stays the same, because we have seen it go the other way.”
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