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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
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.
slide6
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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