Minooka District 201 school board reviews preliminary tax levy
The Minooka Community Consolidated School District 201 Board of Education last week took a close look at preliminary information for the 2019 tax levy.
The district’s administration presented three scenarios for the board to review. Those include property value increases of 4%, 6% and 8%.
Superintendent Dr. Kris Monn had this to say.
Typically, the district does not inflate its tax levy to ensure it captures funding in the amount that is needed, officials said.
Monn said the district is good at estimating what the tax rates are going to be and determining what the final equalized assessed valuation of property taxes will be.
The district has seen the assessed value of the district for the levy increase by 8.69% in 2016, 7.16% in 2017, and 5.85% in 2018, according to board documents.
The district’s administration intends to prepare the 2019 tax levy in tentative form for the school board’s Nov. 18 meeting.
Also at the meeting, the school board accepted the district’s fiscal year 2019 audit as presented.
Monn spoke of the district’s accomplishment.
In other developments, the school board took time to review the district’s enrollment numbers.
Monn had this to say.
The Illinois State Board of Education intends to use the information reported in the fall by the district to help determine how state aid is allocated.