Information about FPS Finance
No, the City of Fayetteville does not provide financing for any district operations.
The state provides about 35% of the budget in funding, and 53% of the budget comes from local property taxes. Only 9% of the funding comes from Federal
Less than 2% of the district’s budget is allocated to athletics. Donations from private donors to the athletic booster club enable the athletic programs to expand their programs without additional cost to the district.
The district also spends about 3.8% of the budget on administrative salaries. This includes all district administrators, principals, and assistant principals.
Mills & Millage Rates
A mill is one-tenth of a cent, and each mill produces $1 of tax for each $1,000 of assessed valuation on property. A property’s assessed value is 20 percent of its appraised value, and the assessment is multiplied by the millage rate to determine the taxes owed.
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