County Schools Facility Tax Information

County Schools Facility Tax Information
Posted on 02/15/2018
CSFTInfoOn Tuesday, March 20th, the voters of Madison County will be asked to approve a proposal to provide funding to all county school districts through a 1-Cent sales tax increase.  The revenue from this sales tax can only be used to make payments on existing bond debt and to maintain and improve school facilities.  Triad School District would receive approximately $2.2 million of additional revenue per year if this measure passed.
 
The 1-Cent County Schools Facility Tax is a way for the communities of Troy, St. Jacob and Marine to provide an alternative revenue source for the Board to reduce property taxes and to make facility repairs, improvements, and upgrades so that our students may learn in a quality educational environment for years to come.  This revenue source is a way to fund our schools that shifts the burden away from the property taxpayers.  Additionally, this revenue is generated locally and budgeted by your locally elected school board members, not politicians in Springfield.  The revenue does not flow through the State and cannot be withheld or pro-rated.
  
The Triad Board of Education has passed a resolution on February 26th that will commit the district to using sales tax revenue for the following purposes: 

1. REDUCE PROPERTY TAX: The Board is committed to using 50% of sales tax revenue to REDUCE property taxes for citizens of the Triad School District.  Based on current estimates, this would mean that the Board of Education would be able to lower the property tax rate by 23 cents per year until the district’s long term debt is paid off once a full year of sales tax revenue is received.  

Based on current estimates, this would mean that the Board of Education would be able to lower the property tax rate by 23 cents per year until the district’s long term debt is paid off.  This corresponds to a tax cut of $77 per $100,000 of property value or a potential savings of:
• $77 per year for a $100,000 home
• $116 per year for a $150,000 home
• $154 per year for a $200,000 home
• $193 per year for a $250,000 home

Here is an example of a what the savings would be for homeowners on Cedarbrooke (Meadowbrooke subdivision in Troy) The chart illustrates the savings calculated by dividing the assessment value by 100 and multiplying by the .23 (which represents the 23 cent reduction)

chartpropvalues
2. IMPROVE SAFETY AND SECURITY:  One of the Board’s priorities is to provide a safe and positive learning environment for all students.  While our facilities are kept in excellent shape, as buildings age, there are many facility-related expenses that must be considered--always keeping student safety as the #1 priority.  Sales tax revenue would be spent on the following expenses: 
• Updating video camera systems at all buildings
• Creating safer and more secure entryways into all schools
• Improving the traffic flow and vehicle access to TMS, Silver Creek, and Henning Elementary 
• Updating doors and locks at THS 
• Improving disabled access in all schools
• Repairing roofs, sidewalks, and parking lots as needed
  
3. ENHANCE FACILITIES: Renovating and expanding buildings and other spaces such as cafeterias, locker rooms, science labs, playgrounds, athletic and fine arts facilities   

The purpose of this article is to provide you with accurate information about the 1-Cent County Schools Facilities Tax.  No matter how you vote, I urge you to make a well-informed decision and to please exercise your right to vote on March 20th. 

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