MOUNT VERNON — Several local school districts have levies on this fall’s election ballot. Information on the requests and what it will cost taxpayers is as follows:
Clear Fork School District
Clear Fork Local Schools are asking voters to approve a 1 percent income tax to help pay for current operating expenses. If passed, the tax would be for a continuing period of time.
District treasurer Larry Lifer said this new money is needed to compensate for a projected $3.33 million deficit in operations funds by 2014. The earned income tax levy, which does not apply to retirement, investment or Social Security income, is estimated to generate $1.7 million per year at a full collection rate.
The district is currently operating on 20 mills, the minimum amount allowable by law for operating schools.
East Knox School District
Residents in the East Knox school district are being asked to approve an additional 5-mill property tax to pay for current expenses.
If passed, homeowners with a home valued at $100,000 would pay an additional $153.13 a year for the five years the emergency levy would be in effect. The cost to senior citizens with the homestead exemption would pay an additional $144.84 a year.
