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I.
CALL TO ORDER
II.
RECEIVE PUBLIC INPUT REGARDING THE PROPOSED PROPERTY TAX RATES FOR 2015-2016
REMARKS PRIOR TO PUBLIC HEARING
Superintendent Comments
The purpose of this hearing is to receive any comments from the public in regard to the proposed 2015-16 tax levy for Elizabethtown Schools. The proposed tax levy is:
Real Estate
General Purposes (including exonerations allowance) $0.641 (cents)
Building Fund $0.110(cents)
Total Property Tax Levy $0.751 (cents)
Personal Property
General Purposes (including exonerations allowance) $0.641(cents)
Building Fund $0.110 (cents)
Total Property Tax Levy $0.751 (cents)
The 2014-15 property tax levy was $0.725 cents on real estate and $0.725 cents on personal property.
A Motor Vehicle Tax of $0.538 (cents) and the three percent (3%) Utility Tax are also proposed.
The total certified value of property subject to school tax increased from $713,783,036 in
2014-15 to $717,506,577 in 2015-16 an increase of .52%. This includes $939,647 in new property.
Any person wishing to make an expression should sign the sign in sheet (point to where it is located) now, if you have not already done so.
[Turn the hearing back to the Board Chair.]
Board Chair Comments
The Board will now hear comments from the individuals who have signed up to comment on the 2015-16 proposed tax levy.
[Comments from the public]
Board Chair: Thank you for your comments. The hearing is now adjourned.
III.
ADJOURNMENT
IV.
SPECIAL CALLED BOARD MEETING - CALL TO ORDER
The Elizabethtown Board of Education Special Called Meeting is Called to Order
V.
CONSIDERATION OF APPROVAL OF BOARD MEETING AGENDA
VI.
CONSIDERATION OF APPROVAL OF THE 2015-2016 TAX LEVY
Projected Impact of 2015-16 Proposed Tax Rate
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2014-15
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2015-16
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$ Change
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% Change
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Property Value
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$100,000
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$100,000
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$0
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0.00%
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Tax Rate
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0.725
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0.751
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0.026
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3.59%
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Property Tax (Increase/Decrease)
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$725
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$751
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$26
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3.59%
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Aircraft and watercraft should be exempt from taxation because of the equalizing features of SEEK. With a higher overall assessment that would result from taxing aircraft and watercraft, the revenue received from equalization on the facility tax would be lower. In order to maximize state equalization revenue, this property should continue to be exempt from taxation.
The recommended tax rate does not include a rate subject to recall.
SUMMARY:
The Board may approve a tax levy per $100 of assessed value for 2015-16 up to the following:
Real Estate Personal Property
General Purposes (excluding exonerations allowance) $0.640(cents) $0.640(cents)
Exoneration Allowance $0.001 (cents $0.001 (cents)
Building Fund $0.110 (cents) $0.110(cents)
Total Property Tax Levy $0.751 (cents) $0.751 (cents)
Motor Vehicle Tax of $0.538 (cents)
Three Percent (3%) Utility Tax
The Board should exempt aircraft and watercraft.
VII.
CONSIDERATION OF APPROVAL OF GUARANTEED ENERGY SAVINGS CONTRACT WITH TRANE U.S., INC.
VIII.
CONSIDERATION OF APPROVAL OF REVISED BG-1 FOR THE GUARANTEED ENERGY SAVINGS CONTRACT
Attached is the revised BG-1 for the Guaranteed Energy Savings Contract
BG-287
IX.
CONSIDERATION OF APPROVAL OF BG-2'S FOR GUARANTEED ENERGY SAVINGS CONTRACT
Attached are BG-2's for Elizabethtown High School and T.K. Stone Middle School for the Guaranteed Energy Savings Contract BG #15-287
for review/approval
X.
ADJOURNMENT
There being no further business to discuss, the Special Board Meeting of the Elizabethtown Board of Education is adjourned
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