District Maintains Roll Back of Residential Operating Rate
The School District of Clayton’s Board of Education approved the 2020 tax rate at its Sept. 30 meeting. The residential rate will decrease slightly from $4.1553 to $4.1527, while the commercial rate will decrease from $4.9562 to $4.4134.
In keeping its promise made during the 2019 Prop E campaign, the residential operating rate includes a 15-cent voluntary roll back in order to only collect the additional revenue that was projected in the original request for an operating levy increase.
A "voluntary rollback" is a term used to describe the action taken by a taxing body such as a school district to not levy or charge the fully approved and taxpayer authorized tax rate.