An interesting development in the evolution of Decatur’s ongoing property tax saga.

While the City held the millage rate steady for the coming fiscal year, Decaturish reported yesterday that the Decatur School Board voted to lower their millage rate from 20.9 to 20.5 mills.

Still the school system plans to conclude the school year with a $1.5 million surplus thanks to an estimated 12.75% increase in Decatur’s tax digest, due in part to rising property assessments – another recent discussion here.

Decaturish reported that the school board estimated that the lower millage would cost the system more than $500,000.

CSD plans to hold hearings on the new millage rate on June 19th and July 8th.