School district projects $27.6M in spending budget
The Tunica County school board is expected to adopt its Fiscal Year 2015 budget this week, after a hearing last week prompted few questions or comments from those in attendance.
According to a presentation by Business Manager Yulanda Austin, the district will ask the county Board of Supervisors to “levy a millage rate that will generate total proposed ad valorem tax revenues of $7,888.186.”
Austin said the district requests a specific dollar amount of support and does not set a millage rate.
Austin said at last Wednesday’s hearing that she was still working with county administrators to determine what the final assessed valuation and homestead exemption would be. The assessed valuation was projected at $233,631,000 for Fiscal Year 2015 in the report, as compared to the FY 14 total of $238,597,000.
According to a chart prepared by Austin, the millage levies for schools has varied from 30.61 in FY 2008 to last year’s 35.06.
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