Armed with more information, the Francis Howell Board of Education will continue to discuss the upcoming tax rate for the upcoming year.
In an effort to maintain revenue neutrality in the 2011-2012 budget, a likely change will have to be made to the tax rate. Property taxes and federal funding keep dropping, forcing the need for more money to be pumped into the District. The Board discussed the issue during a work session .
Several Board members requested that Chief Financial Officer Kevin Supple provide more information, including just how much money the District has lost compared to years past. Supple did just that, providing the Board with an analysis of revenue increases and a worksheet of 2010 operating tax calculations.
With the new information, the Board will continue to discuss the tax rate at the regular meeting. The Board of Education will meet at 7 p.m. on Thursday, Sept. 1, at the District Administration building.
A complete agenda of the meeting can be found here.
Other items on the agenda include:
- The Board will discuss a new Tax Increment Financing Commission. The City of St. Charles School District was notified that a Tax Increment Financing (TIF) Commission is being formed with regard to a development along First Capitol Drive across from Lindenwood University. The school districts of St. Charles County, by action of their respective Boards of Education, may appoint two members to serve on this TIF Commission.
- Four items costing more than $7,500 will be voted on by the Board.
- Talks will begin on the upcoming budget. The Board will discuss how to seek input from the community on the budget.