Voters in the Grand Canyon and Tusayan precincts will vote on whether or not to approve a 10-percent override of the revenue control limit placed on the Grand Canyon School District.
Grand Canyon School superintendent Ray Vernon said the override is important for the school’s maintenance and operation budget.
"This year, it’s more critical because we’re concerned about the size of our high school and the possibilities of the loss of our small-school window," Vernon said. "So we’re concerned about budget restraints."
Vernon said the school district was notified that the cost of the Arizona Retirement Contribution for employees and employers will more than double. Therefore, the school anticipates an increase of benefit costs.
"There’s a strong possibility of losing the small-school window," Vernon said. "We have to cover all our bases to look at all sources of revenue."
Passage of the override will allow the school board to adopt a proposed maintenance and operation budget for fiscal year 2003-04 which exceeds the alternate M&O budget as specified by statute in the amount of $160,056. The increase will be based on a percentage of the school district’s RCL in future years.
The budget increase authorized by the override’s passage would be funded by a levy of taxes upon the taxable property within the school district for the year it’s adopted and for six subsequent years.
The proposed increase would result in an estimated increase in the school district’s tax rate of 0.71 dollar per $100 of assessed valuation used for secondary tax purposes. The tax would be in addition to the school district’s tax rate, which will be levied to fund the school district’s RCL allowed by law.
Voters just passed another override election this past spring.
"This is a totally different override, that was the override that kicks in when we do lose the small-school window," Vernon said. "That will allow us to have a 65-percent override of the RCL, but the small-school window is worth substantially more than the amount we receive if we have to implement that override, which we didn’t have to this year."