EUREKA - The District 140 school board approved on first reading a proposed 2017 tax levy (to be collected in 2018) of $10,933,750.66, Actual taxes extended for 2016 were $10,456,404.84. The difference is an increase of $477,345.82. The actual dollar amount to be received by the district will not be known until next year. A “Truth in Taxation” hearing is not required.
The board approved a $14,556,928 budget for the 2017-18 school year in September. Superintendent Bob Bardwell projects the fund balance on June 30, 2018, will be $8,395,305. The actual fund balance in all district funds was $8,881,613 on June 30 this year. Estimated state aid for this school year is $3,223,582.
See article on Nov. 23 Woodford County Journal newsstands