Even though the budget does not include a request to increase ad valorem taxes, the district will be requesting an increase in the dollar amount they receive from the city.
“We drafted a resolution that spells out exactly where the money we are requesting will go to,” said Superintendent Lee Childress. “The total figure is a little over $100,000 more than what we requested last year.”
The district is requesting $3,861,051 from the City of Corinth to support the district maintenance account. The district will also pay $255,000 on a regular three mill levy note, $103,000 to support vocational programs and $1,010,000 for a special levy to pay a portion of the principal and interest on district indebtedness.
“The additional funds requested will help us cover any new property that has been added to the tax rolls,” Childress said. “Just like we have in the past, we are asking the city to leave the millage where it is.”
The changes will not affect the tax payer, unless improvements have been made to a property or a reappraisal has been performed on the property.
“Changes to a person’s homestead status might also cause the tax to increase or decrease, in some cases,” added Childress.