District news
Lower property-tax rates accompany higher revenue projection
What happened
The August 27 approval sets real property at 74.1 cents and tangible property at 74.2 cents per $100, compared with 75.9 and 78.8 cents previously.
Why it matters to families
The notice projects $7.428 million versus $7.072 million previously. Its listed allocations leave $40,000 of the projected increase unreconciled; that discrepancy is not evidence of misuse. Rates and the tax base both affect receipts.
The evidence
The August 27 approval sets real property at 74.1 cents and tangible property at 74.2 cents per $100, compared with 75.9 and 78.8 cents previously.
The source
Somerset Board of Education — SpecialCalledBoardMeetingMinutesAugust272026.docxSee the full record for Somerset Independent School District.
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