Discussion of Setting School District Tax Rates for the School Year

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Presentation transcript:

Discussion of Setting School District Tax Rates for the 2011-2012 School Year Rita Leyva, Yavapai County Ricky Hernandez, Pima County Marc Kuffner, Maricopa County July 11, 2011

Conceptual View (Levy Funds) Budget /Encumbrances Less June 30th Cash Balance Equalization Assistance Federal Impact Funds Overrides Other Revenue Equals Required Tax Levy

Setting the Tax Rate Budget Encumbrances

Setting the Tax Rate June 30th Cash Balance Rollover Payments (FY2011)

Equalization Assistance Verification SCA/CORL Reduction Rollovers (FY2012)

Federal Impact Funds Amount to be Used for Tax Impact

Overrides (Secondary Taxes) Amount for M and O Amount for CORL

Other Revenue Tuition CEC’s /Institutional Vouchers State Impact Aid Interest on Investments Other

Budget/Encumbrances less Available Funds Levy Equals Budget/Encumbrances less Available Funds

Adjustment for Delinquencies Only Allowed for Secondary Rate

Setting the Rate Role of County School Office AV when Rate is Set County Timelines

Truth in Taxation - Required Levy For Adjacent Ways Levy for ARS15-907 (Liabilities in Excess)

Truth in Taxation - Possible Increases Desegregation and Dropout Prevention – N/A Small School Adjustment

Tax Levy – Truth in Taxation (TNT) Impact Actual Levy May Increase or Not Increase Adjacent Ways Levy – Always Small School Adjustment - Possible

Questions??