Cape School District keeps tax rate stable

Southeast Missourian

The Cape Girardeau School District’s total tax rate for 2015-2016 will remain at $4.1567 per $100 of assessed valuation. Board members voted during a special meeting Monday. Assistant superintendent of administrative services, Neil Glass says the district’s total assessed valuation is $633,657,242 — a 2.3 percent increase over last year. The maximum amount was levied in the general fund at $3.4856, Glass said, and the remainder of the tax rate will be levied in the debt service fund at $0.6711. So, the overall tax rate will remain the same as promised. After the special meeting, board members gathered for regular session, where they approved the testing plan, bus routes and professional development plan for the 2015-2016 school year. The development plan outlines goals and strategies for buildings throughout the district. The board also approved a $25 reimbursement rate per unused accumulated sick-leave day upon retirement. Board members then approved a $15 per day reimbursement rate for unused sick-leave days in excess of the maximum accumulation. The district annually will reimburse up to 10 unused sick-leave days. At the end of the meeting, the Cape Public Schools Foundation presented a $1,000 check to recent Central High School graduate Payton Ayers, with the money going toward his education at Southeast Missouri State University.