Spencer urges renewal of school ad valorem tax

Loretta Spencer/Courtesy photo

(From release) Loretta Spencer, former Mayor of Huntsville, today announced her support for the renewal of the 6.5 mil ad valorem tax to benefit Huntsville City Schools.  The referendum for the renewal will coincide with the municipal election on August 28th, and will not increase taxes beyond what residents already pay.

Ms. Spencer’s record of stellar support for Huntsville’s schools is bolstered by her past leadership on Tax Increment Financing (TIFs) that provided millions for our schools to build new facilities, update old ones and modernize technology.  Loretta worked to recruit businesses and retail establishment to pay for the TIFs, and the success of her work continues to benefit Huntsville citizens today.  Early payment of the TIFs speaks volumes to Mr. Spencer’s leadership during her tenure as mayor.

“An investment in education is an investment that pays off for our children and our city for generations,” Loretta said.  “This school tax renewal vote will have positive effect beyond the election, and I ask that Huntsville voters support the renewal.”