The Newton Municipal School District will hold a public hearing on its proposed school district budget for fiscal year 2023-2024 on July 20, 2023 at 4:30 PM in the Board Room of the Central Office. At this meeting, a proposed ad valorem tax revenue effort in the proposed budget will be considered.
The Newton Municipal School District is now operating with a projected total budget revenue of $18,086,731. Of that amount, 16.8 percent or $3,050,996 of such revenue is obtained through ad valorem taxes. For the next fiscal year, the proposed budget has total projected revenue of $18,190,476. Of that amount, 17 percent or $3,092,226 is proposed to be financed through a total ad valorem tax levy.
For the next fiscal year, the proposed increase in ad valorem tax effort by Newton Municipal School District may result in an increase in the ad valorem tax millage rate. Ad valorem taxes are paid on homes, automobile tags, business fixtures and equipment, and rental real property.
Any citizen of Newton Municipal School District is invited to attend this public hearing on the proposed ad valorem tax revenue assessment in the budget, and will be allowed to speak for a reasonable amount of time and offer tangible evidence before any vote is taken.
Published July 5, 12, 19 and 26, 2023
