$19 Million No Tax Increase Bond Issue & Levy Transfer

Ozark voters will see two questions from Ozark School District on the April 2022 ballot — a $19 million no tax increase bond issue to construct three storm shelters, and a 10 cent no tax increase levy transfer to help offset rising operating costs.

This week's update is all about Question 2. Stay tuned for future updates with details on Question 1 or visit www.ozarktigers.org/bond.

10 Cent No Tax Increase Levy Transfer

The no tax increase levy transfer will transfer 10 cents from our debt service fund to our operating expenses fund

  • In 2021 we were required to transfer 17 cents from our operating expenses fund to our debt service fund due to increased real estate assessments

  • We are required to ask the voters to transfer 10 cents back into our operating expenses fund

  • This transfer will provide approx. $500,000 annually to help offset rising operating costs

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Tax Rate Remains $4.14

  • The tax rate will remain unchanged at $4.14

  • Our tax rate has remained at $4.14 since 2003

  • We are committed to not asking voters for a tax increase

Question 2: No Tax Increase Levy Transfer

Ballot Language

Shall the Board of Education of Ozark R-VI School District be authorized to increase the operating tax levy ceiling to $3.1853 per $100 of assessed valuation according to the 2022 assessment for operating expenses and funding capital projects of the District, including maintaining competitive compensation for employees to attract and retain qualified faculty and staff?

If this question is approved, the operating tax levy of the District is estimated to increase by $0.10 from $3.0853 to $3.1853 per $100 of assessed valuation, and the District expects to make a corresponding reduction to its debt service tax levy of $0.10 resulting in no tax rate increase where the estimated overall tax levy of the District remains unchanged at $4.1400 per $100 of assessed valuation.

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Want to learn more about our $19 Million No Tax Increase Bond Issue & Levy Transfer? What about our long range plan? Find it all on our web page, www.ozarktigers.org/bond.

Email specific questions to ozarkcommunications@ozarktigers.org.

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Paid for by Ozark School District. This information is being provided to you by the Ozark School District so you can learn more about the proposed no tax increase bond issue. Regardless of whether you support the bond issue or not, we encourage you to vote.