Decatur's school board will consider a 1½ mill decrease in their millage rate for tax year 2015 (their fiscal year 2016) during their regular meeting tonight. The school millage rate is significant to all local property taxpayers because the school taxes are about 60 percent of your bill. Under the proposed school millage rate reduction, the property taxes for a $400,000 home in Decatur would be about $300 lower in 2015 than they were in 2014 assuming the property value had not changed and everything else remained the same.
The Board of Education's agenda for tonight includes the following proposal:
Requested Action
Move approval of the Fiscal Year 2016 millage rate of 19.00 mills.
Background
On an annual basis the City Schools of Decatur adopts a millage rate in support of the subsequent year's operating budget. The Superintendent is recommending the millage rate be reduced from 20.50 mills to 19.00 mills for Fiscal Year 2016. It should be noted that last year the Superintendent recommended and the Board approved a reduction in the millage by 0.40 mills. This recommended millage rate of 19.00 mills, if approved would be a decrease to the millage of 1.90 mills over the last two years. This cumulative reduction of 1.90 mills would equate to a loss of revenue to the District in the amount $3.0 million.
No comments:
Post a Comment