(Atlantic) Atlantic Community Schools Business Manager Lisa Jones released information on the school’s proposed tax levy rate for fiscal year 2027. Two public input opportunities are scheduled for later this month and again in early April.
The proposed tax levy rate for Fiscal Year 2027 is set at $13.62 per $1,000 of taxable valuation, an increase from last year’s rate of $12.52 per $1,000.
The $1.10 per $1,000 increase is tied to a new debt service payment associated with a General Obligation Bond approved by voters in November 2025. Atlantic School patrons approved the General Obligation Bond Public Measure DH, with 69% approval, or 1,438 votes yes, to 618 no. The General Obligation Bonds in an amount not to exceed $22,500,000 will provide funds to build, furnish and equip classroom additions and a new secure entrance at Washington Elementary, a new skybridge and commons area between Schuler Elementary and the Middle School, and classroom additions at the High School, with related building and site improvements at each facility; and to remodel, repair, improve, furnish, and equip existing educational facilities, including additional secure entrance improvements, media center and common area improvements at the High School, and site improvements
The approved debt service levy allows the district to levy up to $2.50 per $1,000 of taxable valuation. Previously, the district was levying approximately $1.40 per $1,000, meaning the FY27 rate includes the additional $1.10 needed to reach the full $2.50 required for bond repayment.
Property tax statements have been mailed to property owners by the County Treasurer, and residents should expect to receive those around March 15.
The first public hearing on the FY27 Budget will be held on March 25 at 6:00 p.m. in the High School Media Center. The second and final public hearing for the FY27 Budget has been scheduled for April 8.
