Review Agenda Item
Meeting Date: 9/21/2023 - 5:30 PM
Category: FINANCIAL REPORT
Type: Action
Subject: 8.3 Set Property Tax Rate
Comprehensive School Improvement Plan:
2023-2024 Business
Proactively and responsibly manage district growth, finances, and support services to improve student achievement.
Policy: DC - TAXING AND BORROWING AUTHORITY AND LIMITATIONS
Enclosure
File Attachment:
2023 Property Tax Pro Forma from SA.pdf
Summary: The tax rate forms are submitted to the Board of Education for review. It is recommended to the Board of Education that the 2023 total property tax rate be set at $5.0193. The recommendation is that the Board levy to the operating ceiling for both the general operating levy as well as the capital projects fund levy and adjust the debt service levy as necessary to maintain the same total levy as tax year 2022. Based on the Post Board of Equalization Assessed Valuations from Clay and Platte County, this would set the individual levies at $3.1124 in the incidental fund to meet budgetary obligations, and set at $1.5289 in the debt service fund for tax year 2023, and set at $0.3780 for capital projects, making the total levy to the operating ceiling for the Platte County R-3 School District $5.0193 for tax year 2023 (same total levy as in 2020,2021, and 2022).
Funding:
Recommendation: It is recommended to the Board of Education that the 2023 total property tax rate be set at $5.0193. The recommendation is that the Board levy to the operating ceiling for both the general operating levy as well as the capital projects fund levy and adjust the debt service levy as necessary to maintain the same total levy as tax year 2022. This would set the individual operating levy at $3.1124 in the incidental fund to meet budgetary obligations, the debt service levy at $1.5289 for tax year 2023, and set at $0.3780 for capital projects, making the total levy to the operating ceiling for the Platte County R-3 School District $5.0193 for tax year 2023 (same total levy as in 2020, 2021, and 2022).
Approvals:
Recommended By:
Signed By:
Wayne Krueger - Business Services Admin
Signed By:
Dr. Jay Harris - Superintendent of Schools
Vote Results:

Original Motion
Member Mike Matousek Moved, Member Karen Bryant seconded to approve the Original motion 'It is recommended to the Board of Education that the 2023 total property tax rate be set at $5.0193. The recommendation is that the Board levy to the operating ceiling for both the general operating levy as well as the capital projects fund levy and adjust the debt service levy as necessary to maintain the same total levy as tax year 2022. This would set the individual operating levy at $3.1124 in the incidental fund to meet budgetary obligations, the debt service levy at $1.5289 for tax year 2023, and set at $0.3780 for capital projects, making the total levy to the operating ceiling for the Platte County R-3 School District $5.0193 for tax year 2023 (same total levy as in 2020, 2021, and 2022).'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Sharon Sherwood     Yes
Doug Doll     Yes
Karen Bryant     Yes
Shawn Chiddix     Yes
Mike Matousek     Yes
Tyler Fadler     Yes
Amy MacCuish     Yes