FREDERICKTOWN — Given a brief respite due to federal stimulus dollars, the residents of the Fredericktown school district will be asked to approve an additional tax levy to provide for the schools’ operating expenses.
After discussing the budget, expected revenues and projected expenses, the board of education on Tuesday voted to place a five-year, 6.4-mill emergency property tax levy on the May 3 ballot. Knox County Auditor Jonette Curry was at the meeting, and certified that the district would have to ask for 6.4 mills in order to generate the $884,000 needed to balance the budget.
For the owner of a home valued at $100,000, the additional tax would be about $196 a year or $98 a half.
The board talked about asking voters for less money, but didn’t want to have to turn around and ask for more money in the near future.
“We don’t really have any choice,” said board member Tom Seymour.