Riverview School District No. 407 Proposition No. 3
The Board of Directors of Riverview School District No. 407 approved Resolution No. 17-07, authorizing a levy for school buses. This levy funds new and replacement school buses and authorizes the following excess levy on all taxable property within the District: Collection YearEstimated Levy Rate/$1,000 Assessed Value Levy Amount2019$0.15$640,0002020$0.14$640,000Explanatory StatementPassage of Proposition No. 3 would allow for the levy of $640,000 in property taxes within Riverview School District for collection in 2019 and the levy of $640,000 in property taxes for collection in 2020. In accordance with Resolution No. 17-07 approving this proposition, these taxes would be deposited in the Riverview School District’s Transportation Vehicle Fund to pay part of the costs of acquiring new school buses to meet projected population growth and allow for the retirement of older and more costly to operate buses of the District. If authorized by the voters, such property taxes would be collected at the rates estimated to be $0.15 per $1,000 of assessed valuation in 2018 and $0.14 per $1,000 of assessed value in 2019. The exact levy rate shall be adjusted based upon the actual assessed value of the property within the District at the time of the levy.
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