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Cape school district amends its tax rate

Sep 06, 2013 -- 10:20am

Southeast Missourian

Because of an error in forms sent by the Missouri State Auditor's Office, Cape Girardeau School Board members amended the district's tax rate Thursday night. Superintendent James Welker says the total tax rate of 4.1567 cents per $100 valuation remains the same, but 1 cent moved into the debt service column. Assistant superintendent of support services Neil Glass says that penny represents $60,830.76, which go into funds to cover principal and interest on the district's 2010 bond issue. The district promised voters in 2010 that the bond would not raise taxes. The district's 2013-2014 budget is $51 million. The board approved the 4.1567 cents per $100 valuation tax rate at its Aug. 26 meeting based on forms sent by the state auditor's office Aug. 13. The auditor's office sent another form Aug. 14. The error was discovered by Cape County Clerk Kara Clark. Deadline for submitting the tax rate to the county clerk was Sept. 1, but Welker said Clark told officials the first version would meet the deadline, so the board simply had to meet again to amend the tax rate.

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