NOTICE OF PROPOSED AD VALOREM TAX EFFORT
South Pike School District
The South Pike School District will hold a public hearing on its proposed school district budget for fiscal year 2019-2020 on June 20, 2019, at 9:00 a.m. at South Pike School District Braswell Educational Complex, 1010 Highway 48 East, Magnolia, Mississippi. At this meeting, a proposed ad valorem tax effort will be considered.
The South Pike School District is now operating with a projected total budget revenue of $18,625,769. Of that amount, 26.62 percent or $4,958,588 of such revenue is obtained through ad valorem taxes. For next fiscal year, the proposed budget has total projected revenue of $18,968,621. Of that amount, 27.10 percent or $5,141,403.14 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 South Pike 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 South Pike School District is invited to attend this public hearing on the proposed ad valorem tax effort and will be allowed to speak for a reasonable amount of time and offer tangible evidence before any vote is taken.