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	Board Members

	Melanie Adams
	Richard K. Gaines
	Rick Sullivan - CEO

Special Administrative Board of the Transitional School District of the City of St. Louis

BOARD MEETING
(August 23, 2007) – The St. Louis Board of Education will hold a Special Board Meeting on Thursday, August 30, 2007 at the Administrative Building located at 801 N. 11th Street in Room 108. The Special Board Meeting will begin at 5:30 p.m. and is open to the public. This notice is posted in compliance with RSMO §610-020. The agenda is as follows:

SPECIAL BOARD MEETING

1. Call to Order
2. Roll Call
3. Setting of Tax Levy for the 2007-2008 Fiscal Year
4. Adjournment

A hearing will be held on Thursday, August 30, 2007 at 5:30 p.m. at the St. Louis Board of Education Administrative Offices, 801 N. 11th Street, St. Louis, Missouri 63101, on the 1st floor in Room 108, at which time citizens may be heard on the property tax proposed to be set by the Board of Education of the City of St. Louis. The tax rates are set to produce the revenues, which the budget for the fiscal year beginning July 1, 2007 shows to be required from the property tax. Each tax rate is determined by dividing the amount of revenue needed by the assessed valuation. The result is multiplied by 100 so that the tax rate will be expressed in cents per $100 valuation.

ASSESSED VALUATION CURRENT TAX PRIOR TAX YEAR
(BY CATEGORIES) (2007) (2006)

Real Estate* $3,267,171,071 $2,701,765,429
Personal Property 752,468,667 789,955,366
Machinery & Tools 286,014,328 291,387,611
State Assessed Railroads
Utilities and Communication 77,308,939 77,653,209

TOTALS $4,382,963,005 $3,860,761,615
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*Residential and Commercial Property

The following taxes are proposed:

AMOUNT OF PROPERTY PROPOSED TAX
FUND TAX REVENUE BUDGETED RATE PER $100

Teachers $ -0- $0.0000
Incidental 123,554,851 (1) 3.1322
Capital Projects -0- 0.0000
Debt Service 24,500,324 .6211

TOTALS $ 148,055,175 (2) $3.7533
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Board of Education of the City of St. Louis

By: ENOS K MOSS
CFO, TREASURER

(1) $2.4m or 2% of increase are from new construction and $3.1m or 2.6% are from reassessments
(2) Based on 90% collection rate