Referendum 2021

Overview of General State Aid vs Mill Rate Graph

The referenced graph illustrates the School District of Florence County’s unfavorable position within the current school funding formula, relative to the school district’s mill rate that determines the school’s share of your property taxes.

As represented by the orange line, over the past 16 years, the District has seen a decrease of nearly 92% of its General State Aid:

                  2004 = $2,783,821 received in general state aid

                  2020 = $231,889 received in general state aid

This is solely due to property value in Florence County being well above state averages. Our decreasing state aid is not due to decreasing enrollment - enrollment has actually increased since its lowest levels in 2017 to present.

Simultaneously, the mill rate for the school district’s share of your property taxes has remained stable (even with the addition of a $14.5 million renovation of the high school), and the mill rate is projected to do so with passing of the new referendum.

Mill rates are projected to decrease slightly each of the first three (3) years of the new referendum, with the only increase being in the fourth year - the mill rate in 2024 is projected to be 9.62, lower than the 2019 and 2020 mill rates of 9.75 (e.g. $962 would be the school’s share of our property taxes on a property with a fair market value of $100,000 in 2024, versus $975 on your same valued property this year and last year).

The mill rate is defined as - Levy rates are shown in "mills" of property tax dollars levied per $1,000 of equalized property value.Tax vs Levy Graph

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As Florence County citizens prepare to go to the polls on April 6th, 2021, I would like to clarify the impact upon taxpayers:

The new, four-year referendum will replace the expiring three year referendum - it is not an additional referendum on top of the existing referendum.

The projected tax impact will DECREASE in each year of the new referendum.

A taxpayer with a $100,000 value property would see a projected tax decrease of $58 over the next four years - your taxes would not increase based on the projections.

Referendum Chart

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Self-Paced Version

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© 2021