Details for FARMINGTON SCHOOL DISTRICT/LEGAL PUBLICATIONS - Ad from 2019-08-13

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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