County school board asking for $5.2M
The Lincoln County School District’s Board of Trustees don’t plan to ask for a 4 percent increase from the county to add to their coffers, even though the state allows districts to make the request annually.
However, the board voted unanimously Thursday at a special-called meeting to request $5,259,238 to fill the district’s total ad valorem needs for the 2019-20 school year.
The request was expected to be filed with county administrator David Fields Friday.
To calculate the request, Sam Stewart, the school district’s finance director, used the projected ad valorem of $4,572,146 — for Oct. 1, 2018, to Sept. 30 — as a base. Stewart had actual numbers through July, but estimated August and September.
“I used last year’s August and September because I thought it would be probably the best estimate that we would have,” he said.
That amount also includes $371,330 in debt service requirement.
The school board requested the amount from the county. Supervisors will then set the millage based on the request.
Ad valorem taxes are paid on homes, automobile tags, business fixtures and equipment and rental property.