Summary
FARMER CITY -- Facing a $500,000 deficit in the education fund, the Blue Ridge school board has decided to ask voters to approve a property tax rate increase on March 16.
The district will ask for an increase of $1.10 per $100 equalized assessed valuation in the education fund, raising that fund's tax rate to $3.60 per $100 EAV. The education fund pays for most operating expenses, such as teacher salaries.See the full content of this document
Extract
Blue Ridge Will Seek Tax-Rate Increase
If approved, the rate increase would raise the total tax rate for all funds to $5.35 per $100 EAV.
The new rate would add $330 to the annual tax ...See the full content of this document
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