The Board of Trustees voted to set the tax rate at a public hearing tonight. The board voted to lower the 2022 tax rate by 8.98 cents per $100 of valuation. The total tax rate is 1.1635 for the upcoming school year, with a total tax levy of $36,575,129. The tax rate is made up of .9485 for maintenance and operations (M&O) and .215 for Interest and Sinking (I&S).

“This is the lowest tax rate that we’ve had since the year 2008,” said Charlotte Bynum, CFO.

The board approved the 2022-23 budget in the amount of $82,437,921. The budget was approved with a $4.35 million dollar deficit.

“We’ve worked on this budget a long time. Unfortunately, it’s going to be harder this year than last year,” said Hall Henderson, Board President.