Monday evening members of the Superior Board of Education approved a total tax levy of 1.111785 down from 1.186505 last year. This year’s levy is the lowest asking rate in the past six years. However, it does represent a three percent increase in local tax revenue because valuation has increased. Thus tax bills will be higher.
The asking will generate approximately $204,000 more than last year.
The levy is expected to generate $6,780,504 of this total $565,657 will be used to pay for the elementary school building construction bond.
Property tax generate most of teh local revenue which account...
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