The Board’s Finance Committee met on October 18th to examine options related to the 2018 Tax Levy. The consensus recommendation is to eliminate the tax rate for the Debt Service fund and pay annual bond principal and interest from operating funds. Doing so will (1) mean the District receives about $1.2 million LESS than its maximum taxing authority, and (2) the District taxpayers will, in theory, see a zero percent increase in District 109’s portion on their tax bill. This represents the first time since the mid-1980’s that District 109 has not accessed all potential levy dollars provided by applicable law from the property owners in our community and comes as a direct result of the continued financial discipline of the Board and Administration.
Greg Himebaugh, Assistant Superintendent for Finance and Operations, shared this presentation with the Board. The 2018 Tax Levy was approved at the Board meeting on November 12th.