The move means that tax rate number will be based off what generates a 4% increase in revenue, but nothing higher than that.
JCPS Superintendent Marty Pollio said both former gridiron stars contacted him to lend their support for the district’s tax increase, which is expected to generate $54 million in new annual revenue.
The district expects to net $54 million from the 7-cent property tax rate increase, which would cost the owner of a home worth $100,000 an extra $70 annually in property taxes.
The Jefferson County Board of Education will commit millions of dollars in expected new revenue from a disputed 7-cent property tax rate increase to updated facilities, more resources for high-need schools, racial equity initiatives and more instructional time for students.
Jefferson County Clerk Bobby Holsclaw's office verified 38,507 signatures of the 40,320 submitted by the group No JCPS Tax Hike on July 10. The committee needed 35,517 signatures to place the proposed tax rate increase on the Nov. 3 ballot.