District 99 Controller Explains Tax Cap Impact on Levy Request
Calculations involve last year's levy, EAV, CPI-U
On their way to approving the 2010 tax levy for Community High School District 99, school board members got a primer on how the tax cap impacts both district revenues and residents' tax bills. It's a little-understood fundamental, but one that plays a key role every year this time as school districts and other governmental bodies set their levies. The District 99 board Monday approved a levy request of $66.7 million, representing a 4.91 percent increase over last year's extension, the technical term for the amount of taxes levied. In actuality, the amount is larger than the district will take in, but setting the preliminary request high allows the district flexibility to adjust the amount going into its various funds once figures for …
Chad D. Walz
1:24 pm on Wednesday, November 17, 2010
I love how residents rarely ever speak out publicly against tax increases for school districts. Why is this subject so taboo? Yet every referendum brought forth gets shot down...hmmm. more ›