Financial Matters, New Business Items, Mark R-III Board Of Education Meeting

Several financial matters and new business items headlined the Aug. 11 meeting of the Holden R-III Board Of Education.

Tax Levy Hearing
Prior to the regular meeting, Superintendent Dr. Mike Hough conducted the tax rate hearing. In it, he reported with the passing of Proposition K.I.T.S., proposed tax rates would be $3.5500 Incidental; $0.8400 Debt Services and $0.2000, so the projected tax rate would remain unchanged from the previous year at a total rate of $4.5900. He stated the county assessed valuation was estimated at $153,476,334.

Debt Service Payment
In another financial move, the board unanimously approved a debt service prepayment after a motion by Nathan Haun and a second by Matt Ferguson to approve the payment of $855,000 from the debt service fund toward the current debt. That allowed the board to set the new debt service levy at 84 cents and thus save the district more than $50,000 in interest.

In a related item, the tax rate also was set. On a motion by Bobby Zimmer, seconded by Matt Ferguson, tax rates were proposed for 2025-26 at $3.55 Operating Fund, $0.8400 Debt Service Fund and $0.200 Capital Projects Fund.

The total levy remained unchanged at $4.59. Motion carried 6-0.

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