Details for PUBLIC NOTICE

PUBLIC NOTICE Notice is hereby given that a hearing will be held at 10:55 a.m., August 15, 2019, at Mineral Area College. Citizens may be heard on the property tax rates proposed to be set by the Mineral Area College District. Pending state auditors approval the tax rates are set to produce the revenues which the budget for the fiscal year beginning July 1, 2019 shows to be required from the property tax. ASSESSED VALUATION (by categories) Real Estate Personal Property PRIOR TAX YEAR $711,576,050 $220,816,097 PROJECTED CURRENT TAX YEAR $797,987,663 $217,217,890 TOTAL ASSESSED VALUATION $932,392,147 $1,015,205,553 The following tax rates are proposed: FUND AMOUNT OF PROPERTY TAX REVENUE BUDGETED PROPOSED TAX RATE PER $100 Assessed Valuation COLLECTION RATE 94% 94% 94% General Plant Debt Service $2,988,765 380,702 1,319,767 0.2944 0.0375 0.1300 TOTAL $4,689,234 0.4619 20340073 8/12

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