June 1 Proposed FY 2015-16 budget made available June 16 Budget
Hearing Tentative FY 2015-16 budget approved Tentative tax rate set
(exceeds certified rate by 0.000178) Newspaper advertisements (1/4
page tax increase ad) SL County consolidated Granite School
District (July 28, 2015) Truth-in-Taxation Process
Slide 4
Salt Lake County Mailed property tax notices
www.propertytax.slco.org www.propertytax.slco.org August 4, 2015
tax hearing Truth-in-Taxation Process
Slide 5
Granite Budget and Tax Rates
Slide 6
GSD Budget Estimates FY 16 DescriptionAmount WPU increase
4%$8,167,806 Voted/Board levy guarantee (SB 97)4,708,182 All other
unrestricted state line-items343,558 Employee turnover
savings965,517 Property tax growth783,740 Total preliminary new
revenue$14,968,803 Estimated Revenue Changes (Unrestricted):
Slide 7
GSD Budget Estimates FY 16 DescriptionAmount URS contribution
rate (no change in rate)$0 CTE Maintenance of Effort (2,780 ADM x
$111 WPU increase)-308,580 Charter school levy offset ($1.79
million to $2.65 million)-859,119 Total required spending
increases-$1,167,699 Required Spending Increases:
Slide 8
GSD Proposed Tax Rate Adjustment - FY 16
DescriptionAmountRateHomeBusiness Charter school local replacement
(0.5% increase in tax revenues) $859,1190.000040$5.17$9.41 Tax on
$235,200
Slide 9
GSD Budget Estimates FY 16 DescriptionAmount Step increases
($4.3 million total)-$3,441,173 Health insurance ($2.1 million
total)-1,638,559 COLA - 4%-8,990,664 Total negotiation/contractual
considerations-$14,070,396 Negotiation/Contractual
Considerations:
GSD Proposed Tax Rate Adjustment - FY 16
DescriptionAmountRateHomeBusiness Legislature: SB
97$7,526,5520.000342$44.24$80.44 Granite School District Budget:
Charter school local replacement$865,1210.000040$5.17$9.41 Debt
Service-$2,984,667-0.000138-17.85-32.46 Capital
Outlay$2,984,6670.00013817.8532.46 Tax on $235,200
Slide 12
GSD Proposed Tax Rate Adjustment - FY 16
DescriptionAmountRateHomeBusiness Legislature: SB
97$7,526,5520.000342$44.24$80.44 Granite School District Budget:
Charter school local replacement$865,1210.000040$5.17$9.41 Debt
Service-$2,984,667-0.000138-17.85-32.46 Capital
Outlay$2,984,6670.00013817.8532.46 Tax on $235,200
Slide 13
School District Property Taxes Tax on $235,200 Value
DistrictTax RateHomeBusiness Nebo0.009326$1,206$2,193
Davis0.0085551,1072,012 Alpine0.0081771,0581,923 State
Average0.0071959311,692 Canyons0.0069979051,646
Granite0.0069789031,641 Jordan0.0068728891,616 Salt
Lake0.0064978401,528 School Year 2015-16
Slide 14
Property Tax Notices
Slide 15
Mailed by S.L. County Auditors Office S.L. County Assessors
Office Sets market value Granite Board of Education Establishes
budget and tax rate for the school district Other taxing entities
County, city, library, mosquito abatement, special improvement,
etc. Your Property Tax Notice
Slide 16
Slide 17
GSD Totals$903.44$833.69$880.40$23.04 SB 9744.27 Cert
rate/value changes20.30 Debt service reduction-17.86 Certified
rate$880.40 Charter schools5.18 Capital Outlay17.86 2015 GSD
total$903.44
Slide 18
GSD Totals$903.44$833.69$880.40$23.04 SB 9744.27 Cert
rate/value changes20.30 Debt service reduction-17.86 Certified
rate$880.40 Charter schools5.18 Capital Outlay17.86 2015 GSD
total$903.44
Slide 19
If the market value shown on the property valuation notice is
higher than what you think your property is worth, you should
appeal to the Board of Equalization Appeal form and instructions
available at: slco.org/propertytax/ slco.org/propertytax/ Deadline
for appeal is September 15, 2015 Salt Lake County Board of
Equalization
Slide 20
Apply through the SL County Treasurer slco.org/propertytax/
slco.org/propertytax/ Low income homeowners age 65 or above
Indigent tax abatement for homeowners of any age who are unable to
pay due to hardship or disability Disabled veterans Blind exemption
Deadline for application is September 1, 2015 Statutory Tax Relief
(SL County Treasurer)
Slide 21
Adopt the 2015-16 budget Set the tax rate at 0.006978
Recommended Action
Slide 22
Board Discussion
Slide 23
Public Comment
Slide 24
Adopt the 2015-16 budget Set the tax rate at 0.006978
Recommended Action
