A public hearing on the Trenton R-9 School District tax levy will be held just minutes prior to the August 9th board of education meeting.
The hearing at the district office on Normal Street begins at 5:25 that afternoon with the regular agenda items to begin at 5:30. Information on the agenda will be released later.
The proposed new tax levy for the Trenton R-9 school district is almost the same as the past years’ rate. The proposed levy totals about $4.2754 on the hundred dollars of assessed valuation. That would be a fraction less than last year when the levy was just over $4.2812.
It’s a difference of one-half of a cent that’s within the incidental fund. The debt service¬†levy, included in the total, remains at ninety cents.
Assessed valuation for the Trenton School District is down by approximately $381,000 when compared to last year. The new assessed valuation tops $75,018,000. That compares to $75,400,000 in the previous year.
The R-9 assessed valuation figures include over $472,000 dollars in new construction and improvements.
The new levy is projected to generate more than $3,207,000 of tax revenue for the Trenton R-9 school district.