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December 20, 2012

West Carroll OKs tax levy

THOMSON, Ill. — The West Carroll Board of Education approved a tentative balloon tax levy of a little more than 108 percent.

During the board’s meeting Wednesday night, Superintendent Craig Mathers explained that district is asking for a balloon levy this year because they do not expect 105 percent growth. He pointed out that the 108 percent is only the levy, not the extension. The actual amount the district receives will be set by school code.

“The difference between the tax levy and the tax extension: the levy is what we’re asking for; the extension is what we’re actually going to get,” Mathers said. “We’re looking at flat broke or maybe up to  11⁄2 to 2 percent.”

Mathers also explained that there is some farmland in the far outreaches of the district that went up by 10 percent. This was also one of the reasons he felt they should levy for the higher amount.

“If we don’t levy at the higher amount, we’re going to leave tax money on the table,” Mathers said.

The levy will increase revenue in the district by $94,000. However, Mathers said this will not make up for the loss of general state aid they are anticipating.

The tax levy allows for special taxes on behalf of a variety of purposes. A sum of $3,503,018 will be levied for educational purposes. A total of $627,780 will be levied for operations and maintenance purposes and $251,112 will be levied for transportation purposes. The levy also allows special taxes of : $62,778 for working cash fund purposes; $245,000 for municipal retirement purposes; $231,000 for social security purposes, and $62, 778 for fire prevention, safety, energy conservation, disability accessibility, school security and specified repairs.

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