December 31, 2014

Over $300,000 additional revenue requested

by Keith Stewart
keith@newsprogress.com

In this month’s board meeting, the Okaw Valley school district approved a levy that seeks more than $300,000 in new revenue.
After holding a truth in taxation hearing December 18, at which no objections were raised, the board formally approved the 8.81 percent increase in the levy using an estimated EAV of $81 million, up from the previous actual EAV of $73,966,393
The district tax rate comes to 4.5 percent, and results in an aggregate levy of $3,664,079, which is a $322,805.36 increase over the previous levy.
The estimated EAV of $81 million comes prior to the county assessor’s office’s actual EAV figure, which will be calculated within the upcoming months. Only then will the district have a concrete levy total.     Login or Subscribe to read the rest of this story.