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Show Revaluation to reduce school district funds i rate in the school district was 75 percent, last year it increased to 83 percent, said Sampson. The district was assured by Summit County Assessor Leo Frazier that he was not expecting other landowners to follow suit and that a general revaluation of the property in the district would not be necessary, said Sampson. The revaluation study would have cost the district approximately $150,000, he added. Park City Board of Education President Gary Avise said the school district should suggest to the county commission that it adopt a policy of not approving new projects proposed by developers who have delinquent taxes; in order to increase the collection rate. School superintendent Tony Mitchell told the board the shortfall "should wash out" and that the district is not planning to reduce its current budget commitments. I by Nan Chalat The successful appeal by a group of Park City property owners to have their assessed valuation reduced will hurt the school district budget, said school business administrator Bill Sampson. The school district budget originally origi-nally was based on an assessed valuation of $168 million. That figure has been reduced to $161 million, said Sampson. The reduction will have the greatest impact on the voted leeway and capitol improvement funds, Sampson told the board. But, he added, unexpected increases in other revenues this year would cover the shortfall without the need for additional bonding. "But the real variable will be the tax collection rate. If it is 90 percent we will break even. And it has to be at least 85 percent if are going to make it." Two years ago the tax collection |