At the September 27 regular meeting of the Board of Education, the preliminary 2010 pay 2011 education levy was approved. This showed a 5.8% increase in the overall levy going to $2,416,477.73 from a 2009 pay 2010 amount of $2,283,926.12. The board made the decision to under levy by $142,820 from the maximum amount allowable under the statute.
The deferred maintenance levy needed to be reduced by $26,057 in order to adjust for the difference from 0% interest to 1.26% interest on our Qualified School Construction Bonds. The board chose to reduce this levy by $50,000 or $23,843 over the amount that was promised our taxpayers. Also a $92,820 alternative teacher compensation levy was zeroed out to equal the total above.
The District's truth in taxation hearing and budget presentation will be held during the regular Board of Education meeting on December 20 beginning at 6:00 PM in room A240 in the High School.