HOWARD — The East Knox school board affirmed a resolution Monday to put a bond levy on the ballot this November.
After receiving estimates from the Knox County Auditor’s office, the board finalized the millage of the $19 million, 37-year levy at 3.3 mills.
This means that if the levy passes, property owners in the East Knox school district would pay 33 cents per hundred dollars of real estate tax valuation. Tax valuation should not be confused with market value — tax valuation equals 35 percent of a property’s total market value.
For example, the levy tax amount on a $100,000 home would amount to $115.50 per year or $9.63 per month, according to district treasurer Jessica Busenburg.
“I’m excited for our school district and for our students that we’re going to be on the ballot in November,” said Steve Larcomb, district superintendent. “I think it will be another watershed moment in time for the district to pass this levy and put the district in great shape for facilities for decades to come.”
If the levy passes, bonds will be used to replace the middle and high school. The 1994 addition to the building would be left standing and renovated.
Numerous problems with the current building include a lack of air conditioning, an aging roof and ADA compliance issues.
The resolution was the final step the school board must take to authorize the bond issue. A committee will meet in a few weeks to plan a campaign in support of the levy. Larcomb said that Gary Schworm, who chaired the committee for the 2016 operating levy, has agreed to head up this year’s levy committee.
Other business at Monday’s board meeting included an update from Busenburg on the district’s financial standing at the end of the 2018-19 fiscal year, which ended June 30. Revenues were approximately $103,000 higher than the May 2019 forecast, while expenses were about $241,000 lower. Overall, revenues exceeded expenses by $1.3 million in FY19, leaving the district with a cash balance of $6.4 million going into the 2019-2020 school year.
The board also:
•Approved a quote from Xtek Partners for 32 HP Chromebooks and accessories for $16,198.
•Acknowledged the sale of out-of-date iPads to Pace Butler for $2,041.
•Employed teacher Tyler Sabo for the 2019-2020 school year.