Politics & Government
Ferguson-Florissant Board Takes Next Step for Property Tax Increase
The board plans to put a bond initiative on the Aug. 6 ballot.
The Ferguson-Florissant Board of Education approved an item that would put a property tax increase proposition on the August ballot, according to the St. Louis Post-Dispatch.
If approved, the measure would increase the property tax by 75 cents per $100 assessed valuation and could produce $9 million for the district.
A committee report was done at that meeting by Lorenzo Boyd, senior vice president of public finance for Stifel Nicolaus and Co. and provided a number of scenarios for the tax increase possibility.
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This comes as the district faces a shortfall of $3 million in the projected budget, according to district Finance Director Laura Modrusic.
The initiative is planned to be on the ballot Aug. 6 election.
Find out what's happening in Florissantwith free, real-time updates from Patch.
For other related articles, check out:
- Ferguson-Florissant Could Issue Up to $51 million in Bonds
- Ferguson-Florissant Posts 2013-2014 School Year Calendar
- Ferguson-Florissant Schools May Face $10 Million Budget Shortfall
- Ferguson-Florissant Board Presented $7 Million in Budget Cuts
- 5 Proposed Budget Cuts for Ferguson-Florissant School District
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