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The Benjamin Logan Board of Education opted to go to the voters in November with a substitute permanent tax issue they report will not raise taxes on property owners.
The board decided at its regular Monday evening meeting they would ask for the permanent levy to replace the existing 10-year levy that expires at the end of 2019.
The tax generates $1.375 million for the school district’s nearly $20 million annual budget.
While it would not raise rates on existing taxpayers, the levy would allow the district to capture revenue from new construction and growth, Superintendent David Harmon reported.
The millage rate has not yet been determined for the levy.
Treasurer Mandy France, who presented the district’s five-year forecast during the meeting, said the levy is a major source of funding. If it does not pass, the district could face a $7 million debt by 2022, according to the numbers she presented.
“From a fiscal perspective, I can say we really need that levy,” she said. “From an operation standpoint, it is not fluff; it is something we are dependent upon for our cash flow.”
Read complete story in Tuesday’s Examiner.
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