A tax drop is always a good thing for property owners – in the New Hampton Community School area, school taxes could be slowing for the 2020-2021 year.
According to the New Hampton Tribune, Superintendent Jay Jurrens plans to pitch the school board on using an extra 25 cents per $1,000 valuation to lessen the payload on the $19.415 million referendum project New Hampton schools asked for.
Jay Jurrens says, “We have a lot of cash on hand. We’re not a bank. We build that up for the projects that we were doing and the projects are done, so now it;s time to give the money back to the taxpayer.”
This past week, Iowa Republicans agreed to a 2.3% increase in state supplemental aid for education. With this happening, New Hampton’s tax rate is dropping from $11.85 to $10.98. Jurrens change would cut the decrease by a few points and put that extra cash in an escrow account to pay for bonds used to pay for New Hampton’s projects.
All of this will be discussed at the March 16th New Hampton school board meeting.