Raccoon School Board Discusses Upcoming 2012 Tax LevyThe Raccoon School Board discussed the upcoming tax levy at their November board meeting. Superintendent Matt Renaud told the Board their taxation amount is about 4.9-percent more than last year, which comes to an increase of $31,459. Renaud is projecting a total amount of $574,000 of new property taxes in the district for the upcoming levy. Last year the district received $682,115. Renaud reports the district's goal is to avoid raising tax rates and pull money from new property.
The Board adopted a resolution issuing Working Cash Bonds in the amount of $200,000. Renaud says the bonds are used to offset the cost of other funds, and helps with building repairs. He states the current bonds add 14-cents to the current levy. The new bonds being issued will not raise the tax rates for the district.
The Board rejected bids for the school's cafeteria project. Renaud states all bids received were higher than the $113,000 limit the board budgeted for. The lowest bid the board received was for $118,485, with additional costs raising the total to $150,000. The Board will be reevaluating their budget and resubmit for bids at a later time.
See other LocalNews news:Five Charged in Marion County Court
What's On The Ballot?: Advisory Questions, Constitutional Amendments
Former Mercer County Treasurer Sentenced After Theft
School's PTA President Accused of Stealing Funds
Early Voting Opens Today