Sentences with phrase «mill levy»
The phrase "mill levy" refers to the property tax rate expressed in mills, where one mill is equal to one-tenth of a cent. It is a way to measure and calculate the amount of tax owed on a property based on its assessed value. For example, if the mill levy is 10 mills and your property is valued at $100,000, your property tax would be $1,000. Full definition
Notably, school districts with recently failed mill levy ballot measures, had success this year.
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Allow charter public schools to participate in school district bonding and mill levy requests.
Re-1 was one of only five school districts in Colorado to pass such a measure, out of 23 districts that had local mill levy override questions on the fall ballot.
On average, the total mill levy in the county is 67.8.
On average, the total mill levy in the county is 67.8.
City mill levies average 4.719 mills.
City mill levies average 4.719 mills.
The state then subtracts the required local mill levy from the amount it provides.
Even Denver voters, who recently voted 69 % to support last year's mill levy increase for the Denver Public Schools, only voted 53 % in favor of 66.
In fact, they have been toothless for quite a while, even in the face of full - frontal attacks on due process, so much so that they even hopped on the bond / mill levy bandwagon, hoping to catch some scraps from the table in the form of a measly 1 percent raise.
In school districts with increasing property values, TABOR steadily drives mill levy rates down.
TABOR requires that the state and all school districts obtain advance voter approval for any new tax, tax rate increase, mill levy above that for the prior year, valuation for assessment ratio increase for a property class, extension of an expiring tax, or tax policy change directly causing a net tax revenue gain.
When it adopted the 1988 and 1994 amendments to the Public School Finance Act (PSFA), the general assembly used this ability to establish an essentially uniform mill levy among all of the school districts and allocated state funding through the total program formula to provide nearly all school districts with the same base level of funding through the PSFA.
On the one hand, school officials in the Roaring Fork School District Re-1 are assessing how best to spend the district's new voter - approved mill levy override funds for the benefit of schools, students and teachers in Glenwood Springs, Carbondale and Basalt.
On Tuesday, Laurel voters voted against the elementary and high school mill levies.
On Election Day, voters in 31 school districts around the state will decide whether to raise property taxes to pump an additional $ 1 billion into the school system in the form of bond issues for buildings or mill levy overrides for operating budgets.
The deal with the Denver Classroom Teachers Association «will add $ 7.6 million in teacher compensation for 2016 - 17 school year, with the possibility of $ 11.1 million if voters approve the district's mill levy ballot proposal in November.»
St. Vrain passed a $ 14.8 million mill levy override that gave teachers raises, maintained class sizes, and helped fund preschool for low - income students.
This chart does not include information about Briggsdale's mill levy (Weld RE-10J)(election results will be finalized on 11/18/2017), Crowley County School District RE-1J (election results will be finalized on 11/16/2017), or BEST Matching Bond Measures.
In fact, 2017 extends the trend in which Colorado communities have increasingly been passing education bond and mill levies.
An increase in the total assessed valuation of taxable property forces a mill levy reduction to avoid receiving property tax revenues in excess of the TABOR limit.
Organize voter support of a new bond and mill levy to fund both the growth of the Aurora student body, and the changes that require additional resources.
However, if for any reason the mill levy subsequently produces lower revenues, it can not be increased even to its former level without a taxpayer vote.
School districts may levy no more than the same number of mills each year, unless that mill levy would raise more property tax revenue than TABOR permits (inflation plus local growth), in which case, the school district must reduce its mill levy.
School districts finance their facilities using property taxes, mill levies, and local bonds.
A mill levy override, a type of property tax increase, hasn't been approved since 2000, and once again failed in November.
Fiedler said that for the next few years, he has no intention of recommending the school district pursue another mill levy override.
In 2006, a mill levy campaign, driven by community members, saved the shelter from closing its doors, and coupled with donations and grants, helped to secure its financial future.