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A Truth and Taxation hearing was held at a recent United School District board meeting with the school district receiving an estimated seven to eight percent increase in their tax levy.
The school district issued eight million dollars in bonds last year. United Superintendent Jeff Whitsitt says $300,000 of sales tax income will be used to pay back some the bonds they issued.
“It ends up being about 15, 16 cents that we can deduct off of the taxpayer’s rate in the United District. We’re glad we are able to do that. Without that facilities tax, that would be a much harder thing to do and it would be lumped onto the property tax.”
The operating fund rate for United School District will be increased to 20 cents because of the bond payments.