Residents in the South Callaway School District won't have to worry about their tax rate increasing this year. The operating tax rate will remain the same, at $2.75.
At Wednesday evening's tax rate hearing and general board of education meeting, superintendent Mary Lynn Battles presented that $2.45 of that will go into incidental funds, while 30 cents will go into capital projects. She also said that last year's tax rate generated $6,982,500 in revenue.
Battles said the tax should more or less balance out funding for the 2012-13 school year.
"Our assessed evaluation (for the upcoming school year) increased, so our local tax will generate additional revenue," said Battles. "State and federal, not so much. Those actually went down."
During the regular meeting, Battles also informed the board that the district performed well in all areas of the Missouri Department of Elementary and Secondary Education's Annual Performance Report (APR), according to preliminary information. South Callaway earned High 1 and High 2 measures - the highest level of achievement - in many areas, including graduation and attendance rates.