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2010-2011 School Tax Hearing

2010-2011 School Tax Hearing. In a recent news report, Commissioner Holliday indicated the implementation of Senate Bill 1 may be in trouble due to lack of funding since the Race To The Top funding wasn’t awarded to Kentucky.

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2010-2011 School Tax Hearing

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  1. 2010-2011 School Tax Hearing

  2. In a recent news report, Commissioner Holliday indicated the implementation of Senate Bill 1 may be in trouble due to lack of funding since the Race To The Top funding wasn’t awarded to Kentucky. • Senate Bill 1 – the 2009 education reform legislation which includes a new testing system and required updating of textbooks for which there is no state funding currently. • According to Commissioner Holliday, “We do not have adequate funds to support what our teachers are going to need.”

  3. With the State budget problems, school districts have already been impacted. The SEEK Per Pupil Base has increased by $2 since 2008-2009. • FY 2009 $3,866 • FY 2010 $3,866 • FY 2011 $3,868

  4. Comparison of Revenue Per PupilKDE 2008-2009 Audited Data Preliminary Report Total Revenue Difference times Per PupilRank*Our ADA (11,813) Bullitt County $ 8,524 169 $0 Meade County $ 8,598 165 $ 874,162 Spencer County $ 8,686 161 $ 1,913,706 Oldham County $ 8,723 157 $ 2,350,787 Elizabethtown Ind $ 8,887 148 $ 4,288,119 Nelson County $ 8,945 142 $ 4,973,273 Hardin County $ 8,954 141 $ 5,079,590 Kenton County $ 8,981 138 $ 5,398,541 Laurel County $ 9,510 109 $ 11,647,618 Warren County $ 9,560 107 $ 12,238,268 Shelby County $ 9,666 100 $ 13,490,446 Madison County $ 9,785 87 $ 14,896,193 Daviess County $10,052 67 $ 18,050,264 Jefferson County $12,036 16 $ 41,487,256 *based on 174 school districts

  5. Tax Rate Comparison: 2003-2004Per KDE Website • DistrictRealTangibleMotor • Bullitt 52.2 55.0 47.7 • Daviess 52.5 52.5 49.0 • Hardin 44.4 45.6 54.0 • Jefferson 57.6 57.6 58.5 • Meade 46.6 46.6 54.6 • Nelson 52.1 52.3 54.8 • Oldham 67.0 67.0 64.3 • Shelby 63.5 65.0 42.1

  6. Tax Rate Comparison: 2004-2005Per KDE Website • DistrictRealTangibleMotor • Bullitt 52.2 55.0 47.7 • Daviess 53.3 53.3 49.0 • Hardin 44.7 45.6 54.0 • Jefferson 59.2 59.2 58.5 • Meade 45.9 46.8 54.6 • Nelson 52.6 52.7 54.8 • Oldham 67.0 67.0 64.3 • Shelby 64.1 65.4 42.1

  7. Tax Rate Comparison: 2005-2006Per KDE Website • DistrictRealTangibleMotor • Bullitt 52.2 55.0 47.7 • Daviess 53.6 53.6 49.0 • Hardin 45.0 45.6 54.0 • Jefferson 62.5 62.5 58.5 • Meade 46.4 46.9 54.6 • Nelson 57.0 58.7 54.8 • Oldham 66.3 67.0 64.3 • Shelby 64.5 65.7 42.1

  8. Tax Rate Comparison: 2006-2007Per KDE Website • DistrictRealTangibleMotor • Bullitt 51.1 55.2 47.7 • Daviess 54.5 54.5 49.0 • Hardin (Addl nickel) 50.6 51.2 54.0 • Jefferson 61.5 62.5 58.5 • Meade (Addl nickel) 52.1 52.6 54.6 • Nelson 55.7 59.4 54.8 • Oldham 65.0 65.0 64.3 • Shelby 64.1 66.0 42.1

  9. Tax Rate Comparison: 2007-2008Per KDE Website • DistrictRealTangibleMotor • Bullitt 50.8 55.3 47.7 • Daviess 55.3 54.7 49.0 • Hardin 50.1 50.1 54.0 • Jefferson 61.5 62.7 58.5 • Meade 49.8 52.8 54.6 • Nelson 56.4 59.5 54.8 • Oldham 66.9 66.9 64.3 • Shelby 63.7 66.4 42.1

  10. Tax Rate Comparison: 2008-2009Per KDE Website • DistrictRealTangibleMotor • Bullitt 52.3 55.7 47.7 • Daviess 56.3 56.3 49.0 • Hardin 49.7 50.4 54.0 • Jefferson 62.5 63.1 58.5 • Meade 49.4 49.4 54.6 • Nelson 57.4 57.4 54.8 • Oldham 66.9 66.9 64.3 • Shelby 64.5 66.5 42.1

  11. Tax Rate Comparison: 2009-2010Per KDE Website • DistrictRealTangibleMotor • Bullitt 52.9 55.8 47.7 • Daviess 56.3 56.3 49.0 • Hardin 51.7 51.7 54.0 • Jefferson 64.6 64.6 58.5 • Meade 48.7 48.7 54.6 • Nelson 59.8 59.8 54.8 • Oldham 66.9 66.9 64.3 • Shelby 66.6 66.6 42.1

  12. The Bullitt County Board of Education 2010-2011 Budget is based on the 4% tax rates. • It has been the recommendation of the Kentucky Department of Education for Districts to take the 4% rate. If not, the revenue which could have been received is lost forever. • By taking the 4% rate, the local tax is expected to generate 4% more revenue than the previous year not counting new property. This rate is not subject to recall.

  13. Compensating Rate • The Compensating Rate is the rate which is expected to produce approximately the same revenue as last year. • In comparison to the 4% rate, the amount of revenue which would be lost if the compensating rate were passed is $1,068,279.

  14. Proposed Initiatives • Compensating Rate • School Buses • $320,000 • 4% Rate • Compass Learning • Literacy Model • Textbooks • School Buses • $1,535,000

  15. By taking the Compensating Rate, the revenue increase would only allow for the purchase of 4 school buses and would eliminate all funding directly impacting studentsin the classroom.

  16. Jefferson CountyRates per $100 Assessed Value • Real Estate rates increased from 64.6 to 67.6. • This amounts to a $30 increase on a $100,000 home. • Last year Jefferson County raised taxes as well and increased by $21 on a $100,000 home.

  17. Shelby CountyRates per $100 Assessed Value • Real Estate rates will increase from 66.6 to 67.2. • This amounts to a $6 increase on a $100,000 home. • Last year Shelby County increased tax by $24 on a $100,000 home.

  18. Oldham County • Oldham County raised taxes for the first time in three years. • Oldham County increased rates from 66.9 to 68.9. • The increase amounts to $20 on a $100,000 home.

  19. Our Proposed Rates per $100Assessed Value: • Total Real Estate 55.2 (including growth nickels) • Total Tangible 55.2 (including growth nickels)

  20. This would amount to a $23 increase on a $100,000 home. • Motor Vehicle Proposed Rate is 47.7 which is the same each year.

  21. ComparisonBased on a $100,000 home Current Proposed and/or adopted Bullitt County $529 $552 +23 Shelby County $666 $672 +6 Jefferson County $646 $676 +30 Oldham County $669 $689 +20 Nelson County $598 $622 +24 Hardin County $517 $587 +70 *includes add’l BRAC nickel Daviess County $563 $568 +5

  22. Conclusions • The budget is not extravagant and there is always more needs than the budget allows. • The 4% rate is authorized to assist local taxing authorities to cope with price inflation. • By not taking the 4% rate, the District’s finances suffer not only in this year but in future years as well.

  23. I ask for approval of the 4% Tax Rates for the 2010-2011 School Year.

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