ANNAWAN — The Annawan School Board on Tuesday unanimously approved a motion to ask voters to approve a 1 percent sales tax increase for the school in April of next year.|
Superintendent Joe Buresh said the added sales tax would be an alternate source of revenue for the district and would generate about $114,000, "based on our current enrollment."
"From statistical data I have received, about 60 percent of the revenue generated from the additional sales tax is projected to come from residents living outside of Henry County," he said.
"I think it would be a good thing in these economic times," Mr. Buresh said, explaining that all school districts will decide in November as to whether the tax question should be on the April ballot."
Income from the sales tax can be used only for maintenance and physical facilities, the superintendent said. "Purchases not subject to the tax include cars, boats, farm equipment, farm inputs and groceries," Mr. Buresh said. "We could use the additional money for numerous projects immediately in our facilities."
In other financial business, the board approved a tax levy for next year that is slightly higher than this year's.
The $1,892,246 levy is up from $1,803,015. Under the new levy, the district tax rate is expected to be $4.31 per $100 of assessed property value, one cent more than the current rate of $4.30.
The district's EAV, which is the total taxable value of all property in its boundaries, is expected to increase from $41,910,132 to $43,900,000.
Mr. Buresh said even though property owners will see a slight increase in the property tax for the school district, "Annawan has one of the lowest tax rates in our region which encompasses Bureau, Henry and Stark counties."
"We also are very fortunate at this time that our district does not have any long or short term bonds outstanding," he said.
Board members approved a five-year contract with Mr. Buresh as school superintendent and high school principal from 2012 through 2017, and accepted his "intent to retire" letter with the retirement date at the end of the 2016-2017 school year.
The contract sets Mr. Buresh's salary at $126,209 for the 2012-2013 school year, up from $124,651 for 2011-12.
The board also discussed upcoming school board elections and learned board president Mark Vandersnick has chosen not to seek re-election to the board. He has served on the Annawan School Board since 2005.
The four-year terms of Dwaine Shaw Jr. and Brian Childs also are up for election. No Annawan Township resident can be elected to the board as there is the maximum number (3) of board members already serving. Petitions of candidacy are available in the district office and must be filed at the district office from Dec. 17 through Dec. 24.