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Tomorrow, Sept. 3, at 1 p.m., the Marion County Board of Education will have a hearing about the school district's tax rates.
At the board's last meeting, held on Aug. 11, board members approved an "intent" to pass a four percent revenue increase.
Board member Joe Mattingly was absent from that particular meeting.
A hearing is required because the proposed rates exceed the compensating rate.
The proposed tax rates include a 1.2-cent increase in the real estate tax and the personal property tax to 49.1 cents (per $100 of assessed value). The motor vehicle tax rate will remain the same at 52.6 cents per $100 of assessed value.
According to Lisa Hutchins, the school district's newly hired finance director, the increase will generate an additional $300,000 for the district. New revenues will be used to offset increases in collection ($12,176), transportation ($71,687), instruction ($120,000), building fund match ($20,841), and plant maintenance ($100,000).
The board is scheduled to give its final approval of the tax rates at its Sept. 8 board meeting.