Budget Meetings

The County Commission voted to keep the current property tax rate, and approved a $75.2 million school budget for next year. The school board must now find places to cut $2.4 million from their budget.
The school board had a workshop on Monday, and will take the final voteon this year’s budget on June 29th.

Sources:
http://www.thedailytimes.com/article/20090619/NEWS/306199979/-1/RSS10&rssfeed=RSS10

http://www.blountk12.org/

County Tax structure

For those interested in the local tax structure, here’s some information from the Blount County Industrial Board:

Blount County Tax Structure

Real property tax, personal property tax, and sales taxes are the only local levies made. There are no separate taxes for schools, hospitals, or other improvements.

Blount County Property Tax Rates

	Residential Real	Business Real	Business Personal
Blount County	$2.23 per $100@25%	$2.23 per $100@40%	$2.23 per $100@30%
Alcoa	$2.10 per $100@25%	$2.10 per $100@40%	$2.10 per $100@30%
Maryville	$2.30 per $100@25%	$2.30 per $100@40%	$2.30 per $100@30%

Property assessments are calculated at current market value. Residents of Maryville and Alcoa pay city and county property tax.
Source: Tennessee Department of Revenue
Sales Tax
Local Sales Tax – 2.25%
State Sales Tax – 6.00% on food and food ingredients.
7.00% on all other tangible personal property unless specifically exempted

Charter School Expansion Bill up for a vote soon

Of possible interest to local educators:

“The House Education Committee will probably vote on HB 2146 (the charter school expansion bill) on Wednesday, May 20 .

HB 2146 , as amended, would make all “free and reduced lunch” students in the twelve largest school systems by Average Daily Membership (ADM) eligible to attend charter schools.  . .  Four systems, Tipton, Sullivan, Maury, and

Blount

Counties — while not yet at the 12,000 student threshold – are very close and could be affected very soon. “

—–Source: TEA Legislative Alert.  (Sign up for legislative alerts, and find out more here).  

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