The tax rate for the Excelsior Springs School District will remain unchanged from the 2013 fiscal year to the upcoming 2014 fiscal year.
The Excelsior Springs Board of Education, following a Monday night public hearing with no input from the public, voted 6-0 to keep the total levy of $5.20 per $100 of assessed valuation in place, the same as last year.
Board member Matt Hartwig was absent from the meeting.
Deputy Superintendent of Schools David Lawrence explained that in the year since the last tax rate hearing, the district had seen an increase of more than $2.7 million in assessed valuation—a rise of just short of one percent, and split with about 26 percent for real estate taxes and 74 percent for personal property taxes.
Breaking the numbers down further, Lawrence said revenues are increasing $142,236, offset by the total of $69,351 for new construction. The resulting net increase in revenue is just short of $73,000, or about half a percent according to Lawrence.
The ceiling for the general fund levy is $4.26, Lawrence said, though the local school board cannot raise the general fund levy past the 2013 level of $4.25 without a vote of the people.
Similarly, the school district is allowed to ask for up to $1.11 per $100 of assessed valuation for the debt service levy; the board only asks for 95 cents, making the combined tax rate for 2014 remain steady at $5.20 per $100 in assessed valuation.
With no testimony for or against it, the board voted 6-0 to approve Lawrence’s recommendation.
For more on this story, see the print edition or e-edition of the Tuesday, Aug. 13, Standard.
By Eric Copeland • email@example.com