Q: What will the cost be for individual taxpayers?
A: These ballot proposals require no tax rate increase. Your property’s assessed valuation and your taxes from other local taxing authorities could affect your personal tax bill.
Q: How is it possible to issue bonds without a tax increase?
A: Thanks to good financial management by the district, Park Hill is in a position to ask for a bond without raising taxes. This is a result of aggressively paying off existing debts and refinancing for better rates in recent years. Local commercial and residential growth has also helped, by expanding the local tax base. Because of these factors, we have room to take on additional debt with no tax increase. We will continue to carefully monitor our debt and interest rates to save taxpayer dollars. Our debt is well below our state-set limit.
Q: How can these ballot proposals result in no tax increase?
A: Legally, the district cannot move money from our debt service fund to our operating fund on our own, so the Board is asking voters to change the ratio between our debt service levy and our operating levy. State rules and regulators have rolled back our operating levy from the level where voters set it in 2002. To get it back, the voters have to act to reset the levy ceiling.
Q: When will Park Hill ask taxpayers for another bond or levy?
A: We will monitor enrollment, particularly high school enrollment, which is closest to needing additional space in the future. If we need this, it might mean expanding the LEAD Innovation Studio or turning it into another full high school.
Q: Has the district made any other adjustments to the tax rate?
A: Since 2002, when the voters approved a $4.99 operating tax levy, the Board has rolled back the levy several times, saving taxpayers money. After some voluntary rollbacks and some rollbacks required by state law, the operating levy is now $4.4046, well below the number that voters last approved. The total levy, including both this operating levy and the debt service levy, is $5.3955. We’re asking voters to take the $4.4046 back to $4.99, as they set it in 2002. This change will come from the debt service levy, resulting in no overall tax increase.
Q: How does Park Hill’s tax rate compare to other local districts?
A: Park Hill’s tax levy ranks 11th out of 12 area suburban school districts:
- Fort Osage: $6.3700
- Raytown: $6.3200
- Grandview: $5.9557
- Liberty: $5.9277
- Blue Springs: $5.7286
- North Kansas City: $5.6663
- Center: $5.6557
- Hickman Mills: $5.5074
- Lee’s Summit: $5.4837
- Independence: $5.4371
- Park Hill: $5.3955
- Platte County R3: $5.0193