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455 N. Woods Mill Rd.
Chesterfield, MO 63017
Phone (314) 415-8100

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September 01, 2006

Parkway Bus Route Information Now Available Online

Are you a current Parkway resident needing to look up your child's bus stop information? Or, are you planning to purchase a home in Parkway and want to find out which Parkway school your child will attend? Now you can get all that information on the Parkway web site through the e-Link online transportation information system. With e-Link you can find the schools, bus routes, and approximate pick-up and drop-off times for a specific Parkway address. To access e-Link, go to http://www.pkwy.k12.mo.us/map/address.cfm and then log in with the user name of Guest and a password of Guest.

Parkway Tax Rate Lowered by 2.6 Cents

The Parkway Board of Education has approved the 2006-2007 residential tax rate at $3.4270. This is a decrease of 2.6 cents from last year's tax rate of $3.4534. Each year by Sept. 1, public school districts are required by law to adopt the current year's tax rate according to calculations prescribed by the State Auditor's office. The law provides for limited retroactive adjustments -- increases or decreases -- each year to reflect various changes that may have occurred since the previous year. "This is good news for Parkway taxpayers," says Mark Stockwell, chief financial officer. "The lower rate will result in lower residential property tax bills for Parkway homeowners this year." This is the second year in a row Parkway's tax rate has decreased. Last year the rate decreased by 15.68 cents and over the past 10 years, Parkway's operating tax rate has decreased more than 40 cents. Today, Parkway's tax rate is lower than it was in 1996 and operating revenues are not keeping pace with inflation. In response, the district cut $4 million dollars from the annual operating budget in 2002, and another $2.5 million in 2005. Class sizes were increased throughout the district. Staffing continues to be reduced each year as enrollment declines, but the district continues to experience budget deficits each year. On November 7, after 36 years without an operating tax rate increase, the Parkway community will decide whether to increase Parkway's tax rate by 37 cents. The increase would cost the average Parkway homeowner approximately $140 dollars a year, or less than $12 dollars a month. If passed, Parkway's tax rate would still be below many neighboring districts, and would allow the district to balance the budget and restore many of the cuts made in recent years. For more information on Proposition R, visit the Parkway web site at: http://www.pkwy.k12.mo.us/index.cfm.
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Thirteen Percent of Missouri's National Merit Semifinalists Hail from Parkway

Forty-three Parkway students have been named National Merit Semifinalists this year, which is the highest number in recent years. Of the 331 Missouri students selected as National Merit Semifinalists this year, 43 hailed from the Parkway School District. While Parkway's student population represents less than one percent of the state's total, it represents 13 percent of the state's National Merit Semifinalists. The National Merit Scholarship program is an annual academic competition, which identifies seniors who represent the top of their graduating class. This is measured by their performance on the Preliminary Scholastic Aptitude Test (PSAT), which measures the likelihood of success in college. Of the 14 million juniors who take the PSAT, only 16,000 advance to the semifinalist category.
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Tax Breaks Available for Senior Citizens - must file by Oct. 2

The Missouri Homestead Preservation Credit program allows senior citizens (age 65 or older with annual income up to $72,380) to apply for a credit on their property taxes if the taxes increase more than 2.5 percent in even-numbered years, or 5 percent in odd-numbered years. Applications must be submitted this year by October 2. For more information call (573) 751-3505 or visit http://www.dor.mo.gov/tax/personal/homestead.
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