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St. Charles Community College- County
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St. Charles Community College- County

September 19, 2018

NOTICE OF PUBLIC HEARING ST. CHARLES COMMUNITY COLLEGE Prior to setting the rate of taxes as provided by statute, the St. Charles Community College Board of Trustees is conducting a public hearing on the proposed rate of taxes for fiscal year 2018-2019. The hearing will be at 6:00 p.m. on Monday, September 24, 2018 in the Social Sciences Building Board Room, Room 2102, St. Charles Community College, 4601 Mid Rivers Mall Drive, Cottleville, Missouri 63376. 2017-2018 2018-2019 Assessed Assessed Valuation Valuation Real Estate $6,836,464,915 $6,976,679,748 Personal Property 1,301,063,672 1,362,255,474 Other Property 251,845,854 232,027,218 Total $8,389,374,441 $8,570,962,440 The required sum to be raised from the property tax to support the operating budget adopted by the Board of Trustees is $14,468,000. The proposed rate of taxes necessary to produce substantially the revenue required for the fiscal year 2018-2019 operating budget is $0.1666 per $100 of assessed valuation. The required sum to be raised from the property tax to support the bonded debt retirement is $3,082,850. The proposed rate of taxes necessary to produce substantially the revenue required for the fiscal year 2018-2019 debt retirement is $0.0450 per $100 of assessed valuation. All amounts are subject to change. Todd Galbierz Vice President for Administrative Services St. Charles Community College 11622992 St. Charles Sep. 19, 2018

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