Board Recap
The Fayette County Board of Education met in called session
on
1. Approved to act in called session
2. Approved agenda
3. Approved the following proposed 2004 – 2005 millage rate:
The
Maintenance and Operations (M&O) tax will increase by .321 mills while the
Bond tax will decrease by .082 mills. This will result in a net increase to
taxpayers of .239 mills in additional taxation on their property. The increase
will increase property taxes for the owner of a $200,000 home by approximately
$19.12 per year, or $1.59 per month. Over the past several years the board has
been able to reduce millage rates through growth in
the overall digest. In fact, the total millage was
reduced from 23.99 mills to 21.694 between tax year 1998 and tax year 2002. In
tax year 2003 and 2004, slight increases in local millage
have been necessitated to offset reductions in state funds.
Over the past three years, the State of
Under provisions of the Taxpayer's Bill of Rights, the Board of
Education will hold three public hearings in order to make the public aware of
the increase. These hearings will be held at the Fayette County Board of
Education,
The Board
encourages all citizens to attend one or more of these public hearings in order to better understand the reasoning
behind the action to set millage rates at the level
determined in the Board's action.
4. Adjourned