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TAXES
The current tax levy for 2008-2009 is $1.22 per $100 valuation. the spring 2009 bond would have added 18.5 cents if passed for a total of $1.405 per 100.
The estimate for the levy increase for the September 15, 2009 referendum is 16.5 cents. $1.385 total
So currently for every $100,000 of valuation you now pay $1220 for the school portion of your tax bill. that will increase to $1385 if the bond is approved by voters.
According to superintendant Paul Hull per student costs are between $9,500 and $10,000 for the raymond central school district.
Total property tax collected for district 161 for 2007- 2008 was $3,922,022 and state aid was $1,339,521 for a total budget of $5,261,543
The levy is capped at $1.05 per $100 assessed value. then $.04 for the special bond levy for the air conditioning installed in 2004 at the high school. the bond levy for the elementary school buildings is $.13 for a grand total of $1.22. There is no cap on land value assessment so that continues to increase each year. the budget increases right along with the assessed value as well as the spending for the district. I guess there is no longer a override for growth.
The assessed value must have increased for the current year. the new levy for 09-10 is $0.03 for the AC and 11.8 for the elementary bond. the new total won't be official until October.
Tax Impact is projected to be $0.16 per $100 in valuation. The loan structure is a hybrid having a lower increase until the elementary bonds are paid off, then a portion of the elementary levy would drop off until the bonds are paid off. It’s a slippery slope here. You either pay more up front with less interest or a smaller increase with more interest expense. How much is acceptable for the bond fund? The current levy is $1.22 with a lid of $1.05 for an approximate 16% of the levy necessary for bond repayment. Add the $0.16 to that and it jumps to 31%. The total cost projected for the 10 million project at the end of the 20+ years is between 16 and 17 Million!
20+ years, 16.5 million spent and we have a metal gym, Barracks buildings, and empty pockets to show for it. I cannot support this plan in good faith knowing that we can easily make some changes that increase the efficiency, safety, ADA access, and give us a return on our investment. Unfortunately the only way to make any changes now is to vote against the bond and work on a better solution to the facilities needs at Raymond Central.
The 16.5 Million total PLUS the remainder of the elementary loan approx. another 2.5-3 M, PLUS the AC loan with another 1/2 M plus. So close to 20 M spent and we have 3 sites to operate and maintain. BARRACKS with no insulation and antique, obsolete, rusted out boilers burning high dollar fuel oil while polluting the air. This is UNACCEPTABLE!!!. we simply have to make fiscally responsible, and environmentally responsible choices.
NOTE I believe the article below has a major error in the total budget amount. The amount listed is most likely for the Waverly school district
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Raymond Central tax levy drops
RAYMOND - An increase in property valuation has resulted in a decrease in the tax levy for Raymond Central school district property owners.
By Joe Evans Published: Thursday, September 18, 2008 2:00 AM CDT
RAYMOND - An increase in property valuation has resulted in a decrease in the tax levy for Raymond Central school district property owners. The Raymond Central Board of Education approved the district's 2008/2009 budget at its meeting on Monday. With the new budget, school district taxpayers will be paying $1.22 per $100 of property valuation, which is two cents lower than the previous year.
Overall, the school district is projecting $4,156,807 in total personal and real property tax, and $581,859 in total personal and real property tax requirement for bonds. Helping the levy drop two cents was the $387,840,542 in property valuation, which is a 6.7 percent increase from last year. "That's right in the range where we thought it would probably be," Superintendent Paul Hull said.
The 2008/2009 total budget is set at $11,645,248 that includes $7,163,620 in the general fund. Also added to the budget is the $1,240,439 that the district received in state aid. That is an increase of about $195,000. Last year's total budget was $10,797,853, with a little more than $6 million spent from the general fund.
Hull said there were no major projects that were budgeted for the current fiscal year. "I don't see anything extra we did with the budget, because we're potentially looking at a bond issue and needed to keep the budget pretty stable," he said. He added that the biggest things the district budgets for are increases in staff salaries and fuel. "It's always a challenge to meet your expenditures with transportation costs continuing to rise," he said.
In other business, the board is hoping to get the junior/senior high school synchronized to the correct time. The master clock system in the building has worn out and is in need of repair. Currently, many of the clocks in the building are not working properly. The board approved a bid for $11,896 by Electronic Sound to install a new clock system that is wireless with a battery backup.
The estimate for the levy increase for the September 15, 2009 referendum is 16.5 cents. $1.385 total
So currently for every $100,000 of valuation you now pay $1220 for the school portion of your tax bill. that will increase to $1385 if the bond is approved by voters.
According to superintendant Paul Hull per student costs are between $9,500 and $10,000 for the raymond central school district.
Total property tax collected for district 161 for 2007- 2008 was $3,922,022 and state aid was $1,339,521 for a total budget of $5,261,543
The levy is capped at $1.05 per $100 assessed value. then $.04 for the special bond levy for the air conditioning installed in 2004 at the high school. the bond levy for the elementary school buildings is $.13 for a grand total of $1.22. There is no cap on land value assessment so that continues to increase each year. the budget increases right along with the assessed value as well as the spending for the district. I guess there is no longer a override for growth.
The assessed value must have increased for the current year. the new levy for 09-10 is $0.03 for the AC and 11.8 for the elementary bond. the new total won't be official until October.
Tax Impact is projected to be $0.16 per $100 in valuation. The loan structure is a hybrid having a lower increase until the elementary bonds are paid off, then a portion of the elementary levy would drop off until the bonds are paid off. It’s a slippery slope here. You either pay more up front with less interest or a smaller increase with more interest expense. How much is acceptable for the bond fund? The current levy is $1.22 with a lid of $1.05 for an approximate 16% of the levy necessary for bond repayment. Add the $0.16 to that and it jumps to 31%. The total cost projected for the 10 million project at the end of the 20+ years is between 16 and 17 Million!
20+ years, 16.5 million spent and we have a metal gym, Barracks buildings, and empty pockets to show for it. I cannot support this plan in good faith knowing that we can easily make some changes that increase the efficiency, safety, ADA access, and give us a return on our investment. Unfortunately the only way to make any changes now is to vote against the bond and work on a better solution to the facilities needs at Raymond Central.
The 16.5 Million total PLUS the remainder of the elementary loan approx. another 2.5-3 M, PLUS the AC loan with another 1/2 M plus. So close to 20 M spent and we have 3 sites to operate and maintain. BARRACKS with no insulation and antique, obsolete, rusted out boilers burning high dollar fuel oil while polluting the air. This is UNACCEPTABLE!!!. we simply have to make fiscally responsible, and environmentally responsible choices.
NOTE I believe the article below has a major error in the total budget amount. The amount listed is most likely for the Waverly school district
============================================
Raymond Central tax levy drops
RAYMOND - An increase in property valuation has resulted in a decrease in the tax levy for Raymond Central school district property owners.
By Joe Evans Published: Thursday, September 18, 2008 2:00 AM CDT
RAYMOND - An increase in property valuation has resulted in a decrease in the tax levy for Raymond Central school district property owners. The Raymond Central Board of Education approved the district's 2008/2009 budget at its meeting on Monday. With the new budget, school district taxpayers will be paying $1.22 per $100 of property valuation, which is two cents lower than the previous year.
Overall, the school district is projecting $4,156,807 in total personal and real property tax, and $581,859 in total personal and real property tax requirement for bonds. Helping the levy drop two cents was the $387,840,542 in property valuation, which is a 6.7 percent increase from last year. "That's right in the range where we thought it would probably be," Superintendent Paul Hull said.
The 2008/2009 total budget is set at $11,645,248 that includes $7,163,620 in the general fund. Also added to the budget is the $1,240,439 that the district received in state aid. That is an increase of about $195,000. Last year's total budget was $10,797,853, with a little more than $6 million spent from the general fund.
Hull said there were no major projects that were budgeted for the current fiscal year. "I don't see anything extra we did with the budget, because we're potentially looking at a bond issue and needed to keep the budget pretty stable," he said. He added that the biggest things the district budgets for are increases in staff salaries and fuel. "It's always a challenge to meet your expenditures with transportation costs continuing to rise," he said.
In other business, the board is hoping to get the junior/senior high school synchronized to the correct time. The master clock system in the building has worn out and is in need of repair. Currently, many of the clocks in the building are not working properly. The board approved a bid for $11,896 by Electronic Sound to install a new clock system that is wireless with a battery backup.
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