Notice of Intent to Impose an Increase in Levies

Notice of Intent to Impose an Increase in Levies

As an essential part of it’s budgeting process, the Terry Board of Trustees is authorized by law to impose levies to support it’s budget.  The Terry Board of Trustees estimates the following increase/decrease in revenues and mills for the funds noted below for the next school fiscal year beginning July 1, 2023, using certified taxable valuations from the current school fiscal year as provided to the district:

Fund Supported	Estimated Change in Revenues	Estimated Change in Mills*	Estimated Impact Home of $100,000*	Estimated Impact Home of $200,000*
Adult Education	$0 incr/decrease	$0 incr/decrease	$0 incr/decrease	$0 incr/decrease
Bus Depreciation	$16,434 Increase	3 Mil Increase	$4.05 Increase	$8.10 Increase
Transportation	$10,960 Increase	2 Mil Increase	$2.70 Increase	$5.40 Increase
Tuition	$5,480 Increase	1 Mil Increase	$1.35 Increase	$2.70 Increase
Building Reserve	$19,580 Increase	3.5 Mil Increase	$4.72 Increase	$9.44 Increase
Total	$52,454 Increase	9.5 Mils Increase	$12.82 Increase	$25.64 Increase

*Impacts above are based on  current certified taxable valuations from the current school fiscal year

Regarding the increase in the building reserve levy referenced above, the following are school facility maintenance projects anticipated to be complete at this time

1. Window Replacement
2. Paint a number of areas around the system
3. Replace flooring

Legal Reference                               SB 307, 2017 Legislative Session                               Publish March 30, 2023