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Financial FAQ
Information about FPS Finance
Questions
1) Does the city finance any part of the schools?
2) How much of the district budget is state funding and how much is from local taxes?
3) What percentage of the district's budget is spent on athletics or administration?
4) What is a mill and what are the millage rates for Washington County?
Answers
1) Does the city finance any part of the schools?
No, the City of Fayetteville does not provide financing for any district operations.
2) How much of the district budget is state funding and how much is from local taxes?
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
grants.
3) What percentage of the district's budget is spent on athletics or administration?
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.
4) What is a mill and what are the school millage rates for Washington County school districts?
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.
Prairie Grove School District
36.9 mills
Lincoln School District
42.7 mills
West Fork School District
38.6 mills
Farmington School District
42.6 mills
Fayetteville School District
45.65 mills
Springdale School District
40.50 mills
Elkins School District
44.20 mills
Greenland School District
39.5 mills