The maximum, legal debt capacity for the District is $21,209,283.

The current bond debt for the District is $11,4111,354.

Results in a legal debt margin of approximately $9,797,929.

The district retired all of it’s outstanding lease programs in 2022.

As of today, the district has no lease agreements, contracts or obligations which require annual payments from the General Fund (Fund 1).

The only debt the district carries is bond commitments which are paid from the the Debt Service Fund (Fund 3).

The current assessed valuation is $141,395,221.

Over the past 5 years, assessed value has increased $2,7301,316 or 24%. (Average yearly increase of 4.8%)

Since the last bond issue in 2022, assessed value has increased $8,743,964 or 6.6%

Maintaining the current tax rate of $0.8900 can generate $8,500,000 in available bond funds.

School districts in MO have four funds:

Fund 1: General (Incidental)

Fund 2: Special Revenue (Teacher Salary Fund)

Fund 3: Debt Service

Fund 4: Capital Projects

Click here to learn more about the four funds

Assessed value is not the actual value of your house, farm, or business. Assessed value is the actual value of property multiplied by a percentage depending upon what type of property is owned.

Residential property (a home) is assessed at 19% of actual value. A home with an actual value of $100,000 has an assessed value of $19,000 in Missouri.

Agricultural property in Missouri (a farm) is assessed at 12% of actual value. A farm with a $100,000 actual value has an assessed value of $12,000.

Commercial property in Missouri is assessed at 33% of actual value. A business with a $100,000 actual value has an assessed value of $33,000.

Calculations are stated in dollars and cents per each $100 of assessed value.

Residential: ($100,000 x 19% = $19,000), ($19,000/100 = $190). Centralia Fund 3 levy is $0.89, therefore $190 x $0.89 = $169.10

Agriculture: ($100,000 x 12% = $12,000), ($12,000/100 = $120). Centralia Fund 3 levy is $0.89, therefore $120 x $0.89 = $106.80

Commercial: ($100,000 x 33% = $33,000), ($33,000/100 = $330). Centralia Fund 3 levy is $0.89, therefore $330 x $0.89 = $293.70

A bond is an authorization for a school district to go into debt and to establish a tax rate to pay off the debt over time. The bond pays for capital projects like facilities and equipment, and may not be used for regular operational costs like salaries or supplies. Learn more

Tip: Think of a bond as a line of credit and the ballot is a request to pursue a project.

The term levy simply refers to a property tax rate.

In simple terms, a levy issue is to propose a tax increase. A bond issue is a proposal to borrow money for capital improvements.

Centralia R-VI is NOT asking to increase the tax levy, we are seeking permission to pursue a set of projects valued at $8.5 million.

Bond debt is paid using the Debt Service Fund (Fund 3). Debt Service is one of four funds included in the school district’s tax levy. The fund is used to pay principal, interest and fees on outstanding bond issues. The current debt service levy is $0.8900 and will NOT increase if Proposition B successfully passes.

A 4/7 majority, or 57.1 percent.

Missouri statute sets the debt limit at 15% of the district’s assessed valuation.

No. Whether the proposition passes or fails, the tax rate will remain unchanged.