Form 50-280 - Notice Of Public Meeting To Discuss Budget And Proposed Tax Rate Page 2
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250-280 (Rev. 6-06/2) (Back)
Comparison of Proposed Rates with Last Year’s Rates
Maintenance
Interest
Local Revenue State Revenue
& Operations
& Sinking Fund*
Total
Per Student
Per Student
Last Year’s Rate
$
$
*
$
$
$
Rate to Maintain Same
Level of Maintenance &
Operations Revenue &
$
$
*
$
$
$
Pay Debt Service
Proposed Rate
$
$
*
$
$
$
* The Interest & Sinking Fund tax revenue is used to pay for bonded indebtedness on construction, equipment, or both.
The bonds, and the tax rate necessary to pay those bonds, were approved by the voters of this district.
Comparison of Proposed Levy with Last Year’s Levy on Average Residence
Last Year
This Year
Average Market Value of Residences
$
$
Average Taxable Value of Residences
$
$
Last Year’s Rate Versus Proposed Rate per $100 Value
$
$
Taxes Due on Average Residence
$
$
Increase (Decrease) in Taxes
$
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person
65 years of age or older or of the surviving spouse of such a person, if the surviving spouse was 55
years of age or older when the person died, may not be increased above the amount paid in the first
year after the person turned 65, regardless of changes in tax rate or property value.
Notice of Rollback Rate: The highest tax rate the district can adopt before requiring voter approval at an
election is ___________________________. This election will be automatically held if the district adopts
(school rollback rate)
a rate in excess of the rollback rate of ___________________________.
(school rollback rate)
Fund Balances
The following estimated balances will remain at the end of the current fiscal year and are not encumbered
with or by a corresponding debt obligation, less estimated funds necessary for operating the district before
receipt of the first state aid payment:
Maintenance and Operations Fund Balance(s)
$
Interest & Sinking Fund Balance(s)
$
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