Thanks as always for the info and detail. I am confused about one thing. I thought that when real estate values changed, that the "effective" millages were adjusted to provide fixed funding set at the time a levy is passed. So if values go down, won't millages go up? I do not understand how a decreased overall appraised value will cost the schools money.

Thanks in advance for your reply. 

ANSWER:  See blog of Megan Roberts (LINK)