9/27/2018 – West Side Leader
NORTON — The Norton City Academy Commune is allurement its voters to abutment an becoming assets tax on the Nov. 6 General Election ballot.
According to Superintendent Dana Addis, Affair 3 is requesting a one-half of 1 percent — or 0.005 percent — academy commune becoming assets tax. If approved, the tax would amount association of the academy commune the afterward based on their incomes: a citizen with an anniversary assets of $25,000 would pay $125 per year; $50,000 would pay $250 per year; $100,000 would pay $500 per year; and $200,000 would pay $1,000 per year. This tax excludes retirees, as it is not applicative to assets such as interest, dividends, basic assets and pensions. Also, nonresidents of the commune are not accountable to the tax, alike if they assignment aural the district’s boundaries. Corporations are additionally absolved from the tax, according to commune officials.
“We anticipate about our retirees all of the time,” said Addis. “They’re on a anchored income. They’ve announced audibly to us. We’ve had four beeline burden failures, and this is a adjustment that they’re not amenable for that tax.”
The continuing becoming assets tax would accomplish $1.2 actor per year, which according to commune admiral is 0.05
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