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Kingsland School District approves a levy increase


Thu, Dec 29th, 2011
Posted in Education

The Kingsland School Board approved a 4.41 increase for the 2012 tax levy at their meeting Monday, December 19.

The board held the state mandated Truth in Taxation public hearing to present the 2012 budget and the proposed levy. Business Manager Kathy Beevers presented a two-year comparison of the proposed tax levy for the district. In 2011, the certified levy was $1,942,571. The board approved a certified levy for 2012 at $2,028,326.

Beevers said that the county, city and school have done a good job of holding the line on tax increases. She explained that some residents may see increases in their property taxes because of the elimination of the market value credit that was available in 2011.

She said that the school is not involved in setting market values. The county sets the 2012 market values, which were discussed at the local county board of equalization hearings held earlier this year. There were two citizens in attendance at the public hearing.

Kim Hilbert of LarsenAllen LLP presented the annual audit information. She gave the school district a "clean or enqualified opinion." She said that it was a good year in regard to fund balances. Auditors want to see fund balances between eight and sixteen percent. The Kingsland School District fund balance is at thirteen percent.

LarsonAllen LLP is a professional service firm that provides assurance, accounting, tax, consulting and advisory services to organizations and individuals managing business ventures and finance.

The next school board meeting will be Wednesday, January 18 at 5 p.m. in the district conference room.

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