For the fifth year in a row, the Jackson County School System is being slammed by a shrinking property tax digest. The system’s digest is projected to drop by 7.1 percent this year, costing the system $1.9 million. The system’s recently adopted budget had projected the digest would remain flat.
Although the Jackson County Board of Education has resisted any move toward a mill rate increase, at its meeting Monday night some members indicated they want to explore that option. The system is currently at 18.9 mills and the state cap is 20-mills.
In a scenario presented to the BOE, a hike in the mill rate to 19.276 mills would bring in $500,000, but would still leave the system $1.4 million short of its budgeted revenues. A hike to the full 20 mills would leave the system short by $400,000.
Even with a hike in the millage rate, most taxpayers would still pay less in taxes this year than last year because of the drop in property values.
The BOE may discuss its financial situation further at a called meeting Thursday night. That meeting is set to officially name interim superintendent April Howard superintendent.
The board of education is slated to set its tax rate on Oct. 7 at 6 p.m.
For the full story, see the Sept. 11 issue of The Commerce News.