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SoCal tax levy to remain unchanged

SoCal tax levy to remain unchanged

August 11th, 2011 in News

For the ninth consecutive year, the South Callaway R-2 School District Board of Education agreed unanimously Wednesday night to keep the district's tax levy at $2.75 per $100 assessed valuation.

Superintendent Mary Lynn Battles told the board the levy is set at the highest possible rate without a vote of the patrons in the district.

Battles said the district is in sound financial condition. It anticipates revenue for the 2012 school year of $9.5 million and expenses of $9.3 million. "It probably will not be necessary to dip into our reserve fund," Battles said.

She noted that unlike some school districts, most of the money financing the South Callaway district comes from local tax assessments, not state aid.