The Stone County School District has a public hearing on a proposed budget for the 2019-20 fiscal year.
The hearing is to be held at 6 p.m. July 29 at a meeting of the Board of Education.
“At this meeting, a proposed ad valorem tax effort will be considered,” read a release from the district.
The district is now operating with a projected total budget revenue of $24,222,765.
Of that amount, 23.9 percent, or $5,781,544 is obtained through ad valorem taxes.
For the coming fiscal year, the proposed budget has total projected revenue of $25,154,254.
Of that amount, 25.4 percent is proposed to be financed through a total ad valorem tax levy.
That would amount to $6,398,294.
The statement reads, in part, that, “...the proposed increase in ad valorem tax effort ... may result in an increase in the ad valorem tax millage rate.”
The current total millage levied on ad valorem property outside the City of Wiggins is 132.689 mills.
The school district received a total of 55.889 mills in the 2018-19 fiscal year.
One mill is worth approximately $107,000.
For perspective, a county homeowner with a property appraised at $150,000 and with a homestead exemption would pay approximately $1,700 in annual taxes.
At 55.889 mills, the school district would receive approximately $850 of that assessment.
The public hearing on the budget will be held at the Stone Middle School Professional Development Building at 532 E. Central Ave. in Wiggins.