The Menifee County Board of Education will hold a public hearing in the Menifee County High School Band Room on September 24th, at 5:00 pm to hear public comments regarding a proposed general fund tax levy of 48.7 cents on real property and 48.7 cents on personal property.
The General Fund tax levied in fiscal year 2015 was 47 cents on real property and 47 cents on personal property and produced revenue of $766,740.25. The proposed General Fund tax rate of 48.7 cents on real property and 48.7 cents on personal property is expected to produce $787,637.45. Of this amount $136, 080.59 is from new and personal property. The compensating tax for 2016 is 46.5 cents on real property and 46.8 cents on personal property and is expected to produce $752,883.97.
The general areas to which revenue of $20,897.20 above 2015 revenue is to be allocated are as follows: Cost of collections, $835.89; building funds, $114.47; and maintenance of plant, $19,946.84.
The General Assembly has required publication of this advertisement and information contained herein.