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August 20, 2009. FY 2009/2010 Tax Levy. FY 2009/2010 Tax Levy. Special Administrative Board of the Transitional School District of the City of St. Louis, as a political subdivision, is authorized to set tax levies Public notice must be posted one week prior to public hearing

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August 20 2009
August 20, 2009

FY 2009/2010 Tax Levy


Fy 2009 2010 tax levy
FY 2009/2010 Tax Levy

  • Special Administrative Board of the Transitional School District of the City of St. Louis, as a political subdivision, is authorized to set tax levies

  • Public notice must be posted one week prior to public hearing

  • Tax levies are set annually

  • Proposed tax rates must be submitted to the State Auditor by Sept 1st (certification)


August 20 2009

FY 2009/2010 Tax Levy

Points of interest:

  • 2009 was a reassessment year

  • Net $10.8m decrease in real estate assessment

    • $25.7m assessment decrease

    • $14.9m new construction

  • $10m increase in personal property

  • $31m ( 20%) increase in TIF assessments

    • $155m to $186m


August 20 2009

FY 2009/2010Tax Levy

The tax levy should be apportioned as follows:

$0.0000 Teachers Fund

3.2732 Incidental Fund

.0000 Capital Projects Fund

.6211 Debt Service Fund

$3.8943* Per each $100 of assessed valuation

* As reviewed by State Auditor’s office


Fy 2009 2010tax levy

Prior year tax rate:

$0.0000 Teachers

$3.1817 Incidental

$0.0000 Capital

$3.1817 Operating

$0.6211 Debt

$3.8028 Total rate

Proposed tax rate:

$0.0000 Teachers

$3.3723 Incidental

$0.0000 Capital

$3.3723Operating

$0.6211 Debt

$3.8943 Total rate

FY 2009/2010Tax Levy

$0.0915


August 20 2009

FY 2009/2010 Tax Levy

Why is there a $0.0915 increase in the tax rate?

  • New revenue allowed for new construction and improvements

  • And the decrease in assessed values from last year

  • General operating voter approved tax rate ceiling $3.75 vs. maximum allowed $3.2732

  • The proposed rate is $0.4768 below the voter authorized ceiling


Fy 2009 2010 tax levy1
FY 2009/2010 Tax Levy

Special Administrative Board:

Approval of Resolution to Set Tax Rate