The General Fund tax levied in fiscal year 2012-2013 was 53.0 cents on real property and 53.0 cents on personal property which produced revenue of $13,479,771.  The proposed General Fund tax rate of 55.0 cents is expected to produce $14,190,287 for 2013-2014.  Of this amount, $2,460,620 is from new and personal property.  The compensating tax rate for 2013-2014 is 52.9 cents for real and personal property and would produce $13,648,476.

The revenue generated in excess of 2012-2013 revenues will be allocated to the general areas of instruction, technology, transportation, maintenance, and tax collection fees.

• 2013-2014 Local Property Tax Rates

Order #14 - Motion Passed:  Mr. Johnston asked for a motion to close the public hearing at 6:12 p.m. and convene the Board of Education Regular Meeting passed with a motion by Mrs. Lisa Baird and a second by Mr. Jon Sights.