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Summary:
The law requires the school district to notify the public and to hold a
hearing regarding the adoption of the aggregate tax levy if it exceeds
105% of the previous year’s tax extension. The estimated aggregate
tax levy represents a 4.75% increase.
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Resolution:
The Superintendent recommends adoption of the following resolution:
WHEREAS, the Truth in Taxation Law requires taxing districts to estimate the amount to be extended upon the levy of the preceding year;
NOW THEREFORE BE IT RESOLVED that the Board of Education hereby determines that the amount of money estimated to be necessary to be raised by property taxes will be $124,363,526.00;
BE IT FURTHER RESOLVED that the Board of Education shall hold a public hearing at 6:30 p.m. on Monday, December 2, 2024; and
BE IT FURTHER RESOLVED that the Secretary of the Board of Education is hereby authorized and directed to give public notice of such public hearing and the intent of the Board of Education to adopt an aggregate levy in an amount that is not more than 105% of the amount of property taxes extended or estimated to be extended upon the levy of the preceding year.
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