Hot Springs Public Schools #14-J Resolution and Notice

Resolution of Intent to Impose an Increase in Levies

As an essential part of its budgeting process, the Hot Springs School Board of Trustees is authorized by law to impose levies to support its budget. The Hot Springs School Board of Trustees estimates the following increases/decreases in revenues and mills for the funds noted below for the next school fiscal year beginning July 1, 2024, using certified taxable valuations from the current school fiscal year as provided to the district:

Fund Supported	Estimated Change in Revenues*	Estimated Change in Mills*	Estimated Impact, Home of $100,000*	Estimated Impact, Home of $200,000
Transportation	$ 29,049 decrease	10.85 decrease	$ 14.64 decrease	$ 29.28 decrease
Bus Depreciation	$ 3550 increase	1.32 increase	$ 1.78 increase	$ 3.56 increase
Tuition	$ 5776 decrease	2.15 decrease	$ 2.90 decrease	$ 5.80 decrease
Adult Education	$ 0 increase	0.00 increase	$ 0.00 increase	$ 0.00 increase
Flexibility	$ 0 increase	0.00 increase	$ 0.00 increase	$ 0.00 increase
Building Reserve	$ 0 increase	0.00 increase	$ 0.00 increase	$ 0.00 increase
Total	$ 31,276 decrease	11.68 decrease	$ 15.76 decrease	$ 31.52 decrease

*impacts above are based on current certified taxable valuations from the current school fiscal year

Regarding any increase that may occur in the building reserve levy referenced above, the following are school facility maintenance projects anticipated to be completed at this time:

Refinishing the Gym Floor
Parking Lot Upgrades
Other repairs to facilities as deemed necessary.

Hot Springs School District