#4 Hometown Hard News

Magnolia Voters Pass Tax Millage Of $21 Million for the Magnolia School District

Magnolia (Arkansas) On Tuesday, September 19 the city of Magnolia passed a new tax millage and millage extension for the Magnolia School district. Which is a total amount of $21,330,000 dollars in new facilities and improvements that will go in effect soon.

The total vote for this election was 545 (57.12 percent) votes for the increased tax and 409 (42.88 percent) votes against from the 954 ballets cast. 

Voters in Magnolia approved raising the existing property tax millage by 3.4 mills to a total of 33 mills. They also approved the extension of 4.6 mills of existing debt service through the year 2047.

The current debt service millage goes back to 2001. After the terrorist attack for the $6 million dollar cost of Panther Arena and the Magnolia High Band. It will be extended for an additional 17 years instead of rolling off the tax books in 2030.

The Magnolia School district is very pleased with the passing of this new law and the future of the Magnolia School district. As seen in the picture above is Superintendent John Ward smiling at the passing of the tax millage.

The $21,330,000 millage and debt extension will be used for the following:

$7.5 million for a performing arts center at Magnolia High School.

$6.5 million for a ninth-grade academy at Magnolia High School.

$2 million for a student services and a health center at Central Elementary School.

$2,150,000 for parking lot resurfacing across the district.  A new parking lot at Central Elementary and a drop-off pick-up lane at East Side Elementary School.

$2.5 million for maintenance and renovation projects for the district of Magnolia.

For more information go visit the website.

http://www.magnoliareporter.com/education/article_392b7778-9dbb-11e7-9037-fbdc30786025.html