ROANOKE - The Roanoke-Benson District 60 school board gave the green light on a tentative tax levy at Tuesday night's meeting that will likely result in about the same tax rate as last year, yet bring in more revenue due to a rising Equalized Assessed Valuation (EAV).
With most funds levied to the maximum, the expected rate will be 5.1576, not including the Bond and Interest account. With a 3.3 percent expected rise in the EAV, the district will likely take in about $147,209 in new revenue over last year’s extension. With bond and levy, the total tax rate is expected to be 5.7876.
“We’re not talking about a lot,” board president Brad Sauder said. “But we could back off of it a little.”
He added the board could lower the levies slightly for Tort, Social Security and the Illinois Municipal Retirement Fund (IMRF) because those balances are sufficient and funds cannot be used for any other purposes.
See article on Nov. 22 Woodford County Journal newsstands