Farmington municipal schools two mill levy election
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Farmington Municipal Schools Two Mill Levy Election. Farmington Municipal Schools. Capital Improvement Renewal Election (Two Mill Levy) Election Date - February 5, 2002 For - Maintenance & Renovation Major source of funds for facility maintenance. The Cost.

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Farmington municipal schools two mill levy election

Farmington Municipal SchoolsTwo Mill Levy Election


Farmington municipal schools
Farmington Municipal Schools

  • Capital Improvement Renewal Election (Two Mill Levy)

  • Election Date - February 5, 2002

  • For - Maintenance & Renovation

  • Major source of funds for facility maintenance


The cost
The Cost

  • Tax of $2.00 per $1,000 of assessed value (Approximately $67 a year for $150,000 home, but no net annual increase in school property taxes)

  • Continuation of tax already in effect (consecutively for 25+ years).

  • Last approved by the voters in a 1998 election.


Keeping a levy in place is essential
Keeping a Levy in place is essential

  • Critical funds for school maintenance

  • Levy is an eligibility requirement for accessing NM Critical Capital Outlay funds.

  • FMS has received almost $4 million from these special State appropriations since 1995.


District actively manages property tax rates
District Actively Manages Property Tax Rates

  • Two mill levy is currently $1.82 (down from the $2.00 approved in 1998 because of increases in property values)

  • Board is requesting increasing back to $2.00 ($.18 increase).

  • Board will reduce bond tax rate by actual or greater amount due to lower interest rates and growth in taxable properties.

  • Overall, no tax rate increase for school purposes.


Overall School Tax Rate Will Decline

Residential Property

Last YearThis YearNext Year

Bond $8.70 $8.23 $8.00

Two Mill Levy $1.77 $1.82 $2.00*

Operational .34 .36.38

$10.81 $10.41 $10.38

* Assuming voters approve continuation of mill levy.


Funding information
Funding Information

  • Maintain excellent condition of existing buildings and grounds.

  • District facilities’ average age is approximately 35 years.

  • 14 of 18 schools are over 40 years old


Physical condition very well maintained
Physical Condition Very Well Maintained

  • Consistent comments by citizens and officials suggest our facilities are remarkably well preserved.

  • Community support via this extended mill levy will insure that this continues into the future.


Additional information
Additional Information

  • Of the $2.00 per $1,000 assessed value 1/3 is taxable. For example, approximately $67.00 will be paid on a $100,000 home.


District will receive approximately 1 5 million per year
District will receive approximately $1.5 million per year

  • From local and State of New Mexico revenues ($1.2 million plus $300,000 State matching)

  • NOTE: All money generated by the Mill Levy will remain within FMS District

  • Nearly $6.5 million generated from this election cycle (4 years, 2002-2006)


Proceeds will help provide for
Proceeds will help provide for

  • General upkeep of all facilities

  • Roof repair/replacement

  • New equipment

    • Furniture for schools and support departments

    • Band equipment

    • Activity Busses


Other projects
Other Projects

  • General contracted services

  • Fire extinguishers

  • Boiler inspections

  • Safety requirements

  • Land Purchases


Maintaining grounds
Maintaining Grounds

  • Paved and landscaped areas

  • Physical education & athletic facilities for school and community use


Approximate allocation of mill levy funds 1998 2001
Approximate Allocation of Mill Levy Funds (1998-2001)

  • 12% for contracted services for improvements to buildings and grounds

  • 29% for supplies and materials for buildings and grounds

  • 30% dispersed to schools for individual building needs


Continued allocations
Continued Allocations

  • 28% for new equipment including technology

  • 1% for general contracted services


If you have questions please call 324 9840
If you have questions -Please call 324-9840

  • Mr. Tom Sullivan, Superintendent

  • Mr. James Barfoot, Executive Director of Support Services

  • Mrs. D’rese Sutherland, Executive Director of Finance


Remember
Remember

  • Come out and vote on Tuesday, February 5, 2002

  • The continuation of this mill levy insures the continued quality of education that Farmington’s children need and deserve


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