SLPS Local Tax LevyTax Year (TY) 2012Fiscal Year (FY) 2012/13

Special Administrative Board of the Transitional School District of the City of St. Louis, as a political subdivision, is authorized to levy an ad valorem tax - tax based on the value of real estate and personal property (assessed valuations-AV)

Tax levies are set/approved on an annual basis to provide funding for the general operations of the school district

Proposed tax rates must be submitted to the City of STL Tax Assessor and the State Auditor ‘s Office by October 1st (certification)

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TY 2012 Tax Levy Highlights-AV

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Assessed Valuation(by categories)

TY2012

TY2011 Variance

Real Estate * $3,178,472,521 $3,160,587,259 $17,885,262

Personal Property 732,115,345 736,318,628 (4,203,283)

Machinery & Tools 261,655,223 278,514,446 (16,859,223)

State Assessed Railroads Utilities and Communications 83,259,459 87,003,337 (3,743,878)

Total $4,255,502,548 $4,262,423,670 (6,921,122)

*Residential and Commercial Property

$18m increase in real estate assessment (Driven by new construction)

$21m decrease in personal property/M&M

$24m ( 12%) decrease in TIF assessments

TY 2012 Tax Levy Highlights

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Historical Analysis – Tax Levy

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TY 2012 Proposed Tax Levy

TY 2011tax rate: $0.0000 Teachers $3.5532 Incidental

$0.0000 Capital $3.5532 Operating

$0.6211 Debt $4.1743 Total rate

TY 2012 tax rate: $0.0000 Teachers $3.7860 Incidental $0.0000 Capital $3.7860 Operating $0.6211 Debt $4.4071 Total rate

$0.23286

In keeping with the PROP S commitment, the debt service rate was not increased

The debt service rate will still generate sufficient revenue to make bond payments

The proposed general(incidental) rate will generate approximately $145m

TY 2012 Tax Levy Revenue

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Special Administrative Board:

Approval of Resolution to Set Tax Rate

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