South Callaway R-2 School Board met Aug. 30 for their tax rate hearing, according to Superintendent Kevin Hillman. Historical reference was given on expenses, revenues, fund balances, and tax rates.
The operating levy was set at $2.7500 per $100 in assessed property valuation. The school has no debt service, so the total levy is $2.7500. This is the same rate the school has been at for several years.
Assessment totals were unexpectedly higher this year than the last two years. This was in large part to very high new construction dollars this year.
The district does not have a Fund 3 payment or revenue, so the balance of placement with revenue in the different funds is critical for budgeting and facility maintenance.