NOTICE OF PUBLIC HEARING A hearing will be held at 4:30p.m. on Tuesday, August 20, 2019 at the Farmington R-7 School District Administrative Offices, 1022 Ste. Genevieve Avenue, Farmington, Missouri, at which time citizens may be heard on the property tax rates proposed to be set by the Farmington R-7 School District. The tax rates are set to produce the revenues that the budget for the fiscal year beginning July 1, 2019 shows to be required from the property tax. The following proposed tax rates are based on current assessment information and are subject to change by the Farmington R-7 School District. ASSESSED VALUATION (BY CATEGORIES) Real Estate Personal Property Total SCHOOL FUND General Fund Teachers Fund Debt Service Fund Capital Projects Fund Total CURRENT TAX YEAR 2019 $346,141,588 $89,555,460 $435,697,048 PROPOSED PROPERTY TAX RATE 2019 $2.7500 $0.0000 $0.9000 $0.0000 $3.6500 PRIOR TAX YEAR 2018 $286,021,042 $90,371,688 $376,392,730 PROPERTY TAX REVENUES BUDGETED $11,981,669 $0 $3,921,273 $0 $15,902,942 • New operating revenue from new construction and improvements $190,190 • New operating revenue from reassessment $1,065,415 • Percentage of new operating revenue from reassessment 9.9330% 20340222 8/13/2019

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