Hannibal School Board Approves Proposition C Ballot Measure
Voters in the Hannibal school district will vote on waiving a tax levy rollback that has limited the amount of sales tax money the Hannibal schools can take in for district operations.
The Hannibal School Board Tuesday approved ballot language for the April 5th election that would allow the district to waive a state-mandated tax levy rollback, known as Proposition C.
Prop C allows the state to collect a one-cent sales tax and send additional money to schools based on attendance. The measure also reduces property taxes in the district.
The absence of the waiver has forced the Hannibal schools to roll back their operational levy to $2.75 per hundred dollars of assessed valuation. The waiver would raise that amount to $3.10.
The waiver would also keep the district from being classified as a financially stressed district by the state. Unreliable state funding had forced the district to dip into its reserves to meeting operational costs.
The board’s vote to place the measure on the April ballot was unanimous.