December 17, 2014

With over $10,000 increase in property value, levy up nearly 8 percent

by Ariana Cherry
Arthur/Sullivan Reporter

After holding a truth and taxation hearing, Arthur-Lovington/Atwood Hammond school board members approved the tax levy for the tax year 2014 payable 2015.

This year’s EAV was estimated at $193, 490,228 while last year’s total was $183,286,949. An increase of 7.98 percent was passed by the board. So far, the district has not received its incentive money from the state, and Schwengel noted that it is possible that they may receive only three out of four payments. The present total of all funds in the district’s accounts is $6,965,024.74. A resolution abating the tax levied for the year 2014 to pay debt service on General Obligation School Bonds (an alternative revenue source) was also passed.

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