County school officials won’t request a tax increase for the 2021-22 fiscal year.
Alcorn School District Finance Director Kimberly Woodard is scheduled to present the budget to Board of Education members during a public hearing on Monday at 5 p.m.
Woodard is expected to request the current millage rate of 49.76 mills remain in place for the coming year.
The district has been operating with a budget revenue of $33,696,989. For the next fiscal year, the proposed budget has a total projected revenue of $41,156,918. A portion of that will be obtained from Alcorn County residents through ad valorem taxes, while almost 19 percent or $7,816,948 will be proposed to be financed through a total ad valorem tax levy.
The district hasn’t asked for a tax increase since 2010 and one hasn’t taken place since 2008. At that time the millage went from 45.24 to 49.76. The max amount a school district can receive is 55 mills.
The amount from ad valorem taxes received by the district may change as the population changes. Ad valorem taxes are paid on homes, automobile tags, business fixtures and equipment, and rental real property.
The budget hearing will take place 30 minutes before the regularly scheduled July school board meeting at the Alcorn School District office on Manpower Road in Corinth.