Favorite

Shifting the burden 

Question 1 would raise minimum property tax for schools.

Amid the clamor about gay marriage and economic development incentives, there’s another item on the Nov. 2 ballot that’s drawn a surprisingly small amount of attention, given what it’s trying to do. Referred Question 1 would raise the minimum property tax rate for schools’ maintenance and operations budgets from 25 to 28 mills, generating another $85 million for the state’s education effort. Amendment 74 set the minimum rate at 25 mills, but authorized the legislature to ask voters to approve an increase. All of that 25 mills currently goes to the state for redistribution to local districts. Under this ballot initiative, districts that already levy more than 28 mills (including Little Rock and North Little Rock) wouldn’t see their tax rates go up. But they would have to send 28 mills worth of tax revenue to the state, instead of 25 mills. Districts with fewer than 28 maintenance and operations mills would have to raise taxes — they could not use extra debt-service mills to make up the difference. So Pulaski County voters would see their property taxes go up slightly — the current millage rate for maintenance and operations is 25.8. That works out to $66 for a house worth $150,000. State Sen. Jim Argue, D-Little Rock, called the proposal "an extremely hard sell." "I will certainly vote for it, but I’m not aware of anyone who’s organized to support it," he said. State Rep. Bill Stovall, the Quitman Democrat who’s in line to be speaker of the House if he wins re-election next month, wrote the legislation that became Referred Question 1. The state faces hundreds of millions of dollars in new education costs as a result of the Lake View court decision, which said the state is responsible for maintaining an equitable and adequate system of schools. A sales tax hike went into effect last summer, but it won’t be enough to take care of school building needs. Argue pointed out that while Arkansas’s overall tax burden hits in about the middle compared with other states, the way that burden is distributed is out of whack: The state ranks fifth in sales tax, but ties for 49th in property tax. He said he supports shifting more of the burden of financing schools to property taxes because they’re more reliable and because they can be deducted from state and federal income taxes.
Favorite

From the ArkTimes store

Comments

Subscribe to this thread:

Add a comment

More by Jennifer Barnett Reed

  • Learning to love North Little Rock in Park Hill

    Any description of North Little Rock's Park Hill neighborhood will eventually, inevitably, include a comparison to Hillcrest, its better-known cousin south of the river.
    • Dec 28, 2011
  • A reason to splash

    Fun rain gear and more at InJoy.
    • Mar 12, 2009
  • Pick up some spice

    And we ain’t talking about tarragon.
    • Feb 26, 2009
  • More »

Readers also liked…

  • The ballad of Fred and Yoko

    How one of the world's foremost Beatles collectors died homeless on the streets of Little Rock.
    • Mar 31, 2016
  • 2016 Best of Arkansas editors' picks

    A few of our favorite things.
    • Jul 28, 2016
  • Visionary Arkansans 2016

    They make an impact.
    • Sep 15, 2016

Most Shared

  • Discussion: State killing of the mentally ill

    The Arkansas Coalition to Abolish the Death Penalty and others will have a forum on mental illness and the death penalty at 6:30 p.m. Monday at the Bowen School of Law's Friday Courtroom.

Latest in Cover Stories

Event Calendar

« »

October

S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31  

Most Viewed

Most Recent Comments

  • Re: 'Every day was a Tuesday'

    • Perceptions of being affected by Tuberculosis (TB) Tuberculosis is an infectious disease caused by the…

    • on October 22, 2017
 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation