St. Louis School Board of Education Approve 2006/2007
Tax Levy
St. Louis – The St. Louis Board of Education this week approved a resolution
for a proposed tax levy of $4.0193 per each $100 of assessed valuation. This
is a slight increase over last year’s rate of $3.9720 per $100 of assessed
valuation.
“The reason there was an increase in this
year’s general operating tax levy is due
to an increase in new construction in tax incentive
financing (TIF) districts, and a decrease in
personal property assessments,” said Chief
Financial Officer Enos Moss.
Under Missouri law, school districts can increase
the tax levy to maintain the same level of general
operating revenue received in the previous year.
“This year there was a $.106 voluntary
rollback of the debt service tax rate. The voluntary
rollback of the debt service rate allowed the
district to differ increasing taxes while still
maintaining a sufficient amount of reserves to
pay the bonded debt,” said Moss
For more information, contact Johnny Little,
Office of Public Information, at 314-345-2283.
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