Oregon-Davis Schools Adopts Lower Tax Rate Than Expected

Oregon-Davis School Superintendent Dr. Steve Disney

The Oregon-Davis School Board adopted the 2013 budget at their meeting earlier this month, which Superintendent Dr. Steve Disney says is healthy.

“Nothing changed based upon the budget hearing,” said Disney. “At this point in time, we will work with the Department of Local Government Finance which will review the budget. We would hope to find out about our adopted budget sometime late December, early January.”

Disney added that there will be a drop off in Debt Service which helps lower the tax levy.

“We’ve refinanced our existing debt at a significant interest rate decrease which results in a savings and a lowering of our property tax rate,” explained Disney. “When we passed our referendum in May, we had stated that we would be looking at a 99-cent tax rate. We’ve advertised a budget that will not be higher than that. After working with the DLGF and through the budget adoption process, that will actually be lower than that.”