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FLORISSANT, Mo. (KSDK) – Citing a projected $7 million deficit caused by a decrease in state funding and declining property values, the Ferguson-Florissant School District is asking voters to approve a tax increase of $0.50 per $100 of a property's assessed value in the upcoming August 5 election.

The district says the levy would spell a $5.86 increase in property taxes on a home valued $74,000 per month – or $70.30 per year. The last time the district – which serves more than 11,000 students – approved a tax increase was 1992.

"We are facing unprecedented challenges that we can no longer endure without affecting the quality of our schools. Proposition S is about ensuring we are strong for both our students and our community, " Ferguson-Florissant Board of Education president Robert Chabot said in a statement.

The district says if the levy does not pass, staff, transportation services, extracurricular activities and athletics could be cut. According to a news release, $5 million has already been cut from the district's 2014/2015 budget – which has meant the elimination of preschool transportation, among other items.

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