The Selmaville Grade School Board is holding the line on this year’s tax levy and then plans significant reductions in future years as bonds for the Junior High addition are paid off.
Superintendent Robin Brooks says the tentative tax levy will be equal to last year and will only capture new construction. He reports 2021 will be the last year both bond issues being paid off by the district will appear on the property tax bills.
A smaller bond issue has one more year before being paid off but Brooks says the district will pay it down further with proceeds from the one cent sales tax approved by voters last March to support schools. Paying down debt is one of the options for use of the tax.
Brooks says once the bond issues are paid off there are no intentions to issue additional bonds which will reduce the school’s current $3.10 tax rate by 42-cents. The school board wants the tax reduction to be a ‘thank you’ for everyone’s support the past 20 years in paying for the new school addition.
The school Board also reviewed COVID-19. The district has been able to remain in school the entire school year so far. Brooks says there are currently 30 on quarantine for being close contacts, but so far there have been no positive cases among students or staff.
