tax levy

election date

The following information is provided by the Marshall Public Schools District as a service to its patrons. If you have any questions or need additional information, please call Caleb Petet, Superintendent at (660) 886-7414 or email cpetet@marshallowls.com

INTERVIEW

question

Shall Marshall Public Schools, Saline County, Missouri be authorized to increase its adjusted operating tax levy $0.99 per one hundred dollars of assessed valuation until December 31, 2049, and to use such funds for operating costs and to acquire, construct, renovate, furnish, equip and improve new and existing school facilities (including refinancing existing lease agreements)?  If this proposition is approved, the adjusted operating tax levy of the District is estimated to increase $0.99 from $2.8353 currently to $3.8253 per one hundred dollars of assessed valuation until December 31, 2049.

financing

Upon receiving approval from voters, the District intends to use such funds for operating costs and to acquire, construct, renovate, furnish, equip and improve new and existing school facilities.  The facility improvements will include a new Elementary building by Spainhower for grades 3-5 and eliminating the continued use of Benton, Northwest and Eastwood. The District intends to enter into a lease purchase agreement to finance the improvements.  The lease financing is expected to be repaid over 25 years.  The current estimated interest rate for the lease financing, which is expected to be sold in two series each with a 25-year repayment period, is 4.93%.

historical tax levy

The District’s tax levy has ranged from $2.75 to $3.55 since 1999/2000.  The current tax levy is near its lowest point for the past 20 years.  The current tax levy is only $0.08 above the minimum levy for school districts in Missouri.  If the proposed $0.99 tax levy increase is approved, the tax levy rate will increase to $3.82, which is $0.27 above the District’s tax levy in 2002/2003.

Year

Incidental

Special Revenue (Teachers’ Fund)

Debt Service

Fund

Capital Projects

(Building) Fund

Total

Levy

1999/00

2.9300

0.0000

0.5200

0.0000

3.4500

2000/01

3.0100

0.0000

0.3700

0.0700

3.4500

2001/02

3.1300

0.0000

0.3600

0.0000

3.4900

2002/03

3.1900

0.0000

0.3600

0.0000

3.5500

2003/04

3.0190

0.0000

0.3171

0.0000

3.3361

2004/05

3.3361

0.0000

0.0000

0.0000

3.3361

2005/06

3.3552

0.0000

0.0000

0.0000

3.3552

2006/07

3.3248

0.0000

0.0000

0.0000

3.3248

2007/08

3.3262

0.0000

0.0000

0.0000

3.3262

2008/09

3.3225

0.0000

0.0000

0.0000

3.3225

2009/10

3.0676

0.0000

0.0000

0.0000

3.0676

2010/11

3.1693

0.0000

0.0000

0.0000

3.1693

2011/12

3.0983

0.0000

0.0000

0.0000

3.0983

2012/13

3.1065

0.0000

0.0000

0.0000

3.1065

2013/14

3.1246

0.0000

0.0000

0.0000

3.1246

2014/15

3.1275

0.0000

0.0000

0.0000

3.1275

2015/16

2.7500

0.0000

0.0000

0.0000

2.7500

2016/17

3.1200

0.0000

0.0000

0.0000

3.1200

2017/18

3.1200

0.0000

0.0000

0.0000

3.1200

2018/19

3.1200

0.0000

0.0000

0.0000

3.1200

2019/20

3.1200

0.0000

0.0000

0.0000

3.1200

2020/21

3.2000

0.0000

0.0000

0.0000

3.2000

2021/22

2.8316

0.0000

0.0000

0.0000

2.8316

2022/23

2.7500

0.0000

0.0000

0.0853

2.8353

other districts

The current tax levy for the Marshall Public Schools is one of the lowest in the State and 95% of all school districts throughout the State have a higher tax levy.  The total tax levies for all school districts in Missouri, excluding two special school districts, range from a low of $2.75 to a high of $7.59.  The current tax levy for the Marshall Public Schools is $2.83, only $0.08 above the minimum levy.  If the proposed $0.99 tax levy increase is approved, the total tax levy for the Marshall Public Schools is expected to be $3.82, which will still be less than 64% of all school districts in Missouri.

The current tax levy for the Marshall Public Schools is $2.83, only $0.08 above the minimum levy.

 

current state

Previous Slide
Next Slide
current state
proposed projects

Previous Slide
Next Slide
proposed project 1
Previous Slide
Next Slide
proposed project 2
Previous Slide
Next Slide
proposed project 3
cost

The following table sets forth the estimated impact for a taxpayer in the District based upon the proposed tax levy increase of $0.99.

To determine your personal or business financial impact please reach out to the Saline County Collectors Office at 660-886-5104.

Real Estate Property 

Market Value

Annual Cost of Increase

Monthly Cost of Increase

Residential

$100,000

$188.10

$15.68

$200,000

$376.20

$31.35

Commercial

$100,000

$316.80

$26.40

$250,000

$792.00

$66.00

$500,000

$1,584.00

$132.00

Agricultural

$100,000

$118.80

$9.90

$250,000

$297.00

$24.75

$500,000

$594.00

$49.50

The following is one example of how to determine your personal residental financial impact. For this example we will use a $100,000 residential property in Marshall, Missouri.

RPV

assessed

next step

last step

RPV

assessed

next step

final step

passes

The new levy would be $3.8253.

In the state of Missouri 64% of schools will still have a higher tax levy than Marshall Public Schools.

New levy amount is only $0.27 higher than our 2002 tax levy (real numbers).

regardless

*Total annual savings: 1 million

kids

without levy

2 million in cuts will be required annually by Fall of 2025.

Inability to increase recruitment and retention efforts.

Inability to increase student academic opportunities.

BOE Election

Below are the candidates for the Marshall District Board of Education. There are three positions available with three-year terms.

Carter Fawkes

Amy Green

Jack Lenz Jr.

Andrew Linsenbardt

Matt Smith

Candidates will be at the following events. All public forums will be at 6:00pm.

March 28, 2023 @ Martin Center