Sangamon Sun

Williamsville Community Unit School District 15 Board Tax Levy met December 18.

Here is the minutes provided by the Board:

Call to Order/ Roll Call/ Approval of Agenda:

The Levy Hearing was called to order by President, Matt Seman. Roll call was taken by the recording secretary.

A motion was made by Pam Kovacevich and seconded by Charlie Waugh that the agenda be approved as read.

Discussion: None

Motion carried.

Public Hearing on the Proposed Tax Levy:

Mr. Reedy presented the levy by fund, totaling $9,363,780 including Bonds. He noted that the Corporate and special purpose property taxes extended for the tax year 2017 for budget year 2017-2018 were $7,598,780, without bonds. Certificate of Levy is what goes to the county. The County gives us the limiting rate which is applied to the main funds.

Estimated Amounts of Levy by Fund:

Education: $5,526,630 MRF $ 273,904

O&M $1,123,620 Soc Sec $ 89,046

Trans $ 408,090 Spec Educ $ 82,940

Working Cash S 89.550 Bonds $1,765,000

Fire Prev & Safety S 5000

This represents an 18% balloon levy in order to capture all new growth. Actual growth is likely to be approximately 2.1% and our extension, taking EAV into account, is estimated to be approximately $8.2 million and our estimated tax rate is 4.57.

Mr. Reedy showed the Board the levy worksheet and addressed the paperwork that needs filed With each County - Logan, Menard and Sangamon.

Mr. Reedy estimates $120,000 in new revenue from local extensions for FY2019.

A question was asked if the public questions seeing an 18% increase, even though CP is 2.1% and the district will not receive more than CPI. Historically, we have not. Due to being tax capped, the District has lost out of millions of dollars in local tax revenue.

Recognition of Employees and Public:

Bryon Painter- South Country Pulications

Adjournment:

A motion was made by Pam Kovacevich and seconded by Charlie Waugh to adjourn the meeting.

Discussion: None Motion Carried.

Board Approval:

Meeting adjourned at 5:51 pm

http://www.wcusd15.org/index.php/board/board-meeting-minutes/996-20171218-board-levy-hearing-minutes/file