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SOCSD asks for $4.7M more next year from taxpayers
['Emma Mcrae', 'Mins To Read', 'August']
The Dispatch
STARKVILLE – Starkville-Oktibbeha Consolidated School District plans to ask for roughly $4.7 million more from county taxpayers next fiscal year.
In total, SOCSD plans to request $38.4 million next fiscal year, compared to the roughly $33.7 million collected this year.
Because of rising property values, the district’s request can be serviced with a tax rate of 61.78, a reduction of 4.17 mills compared to this fiscal year.
Typically, a 1-mill decrease, for example, would reduce a homeowner’s tax bill by $10 per every $100,000 of property value.
By law, school districts can request up to a 4% increase for operations from the previous year’s collections.