The Ray-Pec School Board on Jan. 12 approved placing a tax rate transfer on the April 4, 2023, ballot.
The ballot issue, called Proposition RP-1, asks voters to authorize the district to transfer 50 cents from the Debt Service Fund to the Operating Fund.
The proposed tax rate transfer will be phased in over a three-year period, and the overall tax rate is expected to remain at its current rate. This means that the tax rate is not projected to increase, resulting in a zero net impact to property owners.
If approved, 100 percent of the amount produced by the tax rate transfer will be used for staff salaries and benefits to help Ray-Pec be competitive with other school districts.
Proposition RP-1 will require a simple majority to pass.
Placing the tax rate transfer on the ballot comes after much research and discussion about how to improve staff compensation, which was identified by the School Board, staff, and the public as a top priority in the Strategic Plan.
More information about Proposition RP-1 will be shared in the next few weeks.