November 7th Register-Mail article stated to be discussed at the City Council meeting — possible $17 decrease in property taxes for every $50,000 value in a city home. Ten days later an article appeared discussing the Galesburg School Board meeting held, and outlines “a range of options to increase the property tax levy rate” with corresponding amounts shown as needed in budget cuts, numbered options 1 – 5. Option 5 leaves a budget surplus of $45,000 and would increase the property taxes by $150.15 annually “for the owner of a $100,000 home”. Last year 16 teachers and 13 aides were eliminated from the school system equation. I’d say just “bite the bullet” and go for option 5 — no teacher cuts necessary. The article stated, “the tax levy was slightly helped by an estimated increase of equalized assessed value of 1.5 percent”. So as our property values are increased, and tax levy rate is annual, are our property taxes going to continue to increase annually to pay for salaries and pensions? And has the State of Illinois contributed all the monies it owes for schools?
Nov 22 2016
Dist 205 School Board and 1017 projected tax levy
November 7th Register-Mail article stated to be discussed at the City Council meeting — possible $17 decrease in property taxes for every $50,000 value in a city home. Ten days later an article appeared discussing the Galesburg School Board meeting held, and outlines “a range of options to increase the property tax levy rate” with corresponding amounts shown as needed in budget cuts, numbered options 1 – 5. Option 5 leaves a budget surplus of $45,000 and would increase the property taxes by $150.15 annually “for the owner of a $100,000 home”. Last year 16 teachers and 13 aides were eliminated from the school system equation. I’d say just “bite the bullet” and go for option 5 — no teacher cuts necessary. The article stated, “the tax levy was slightly helped by an estimated increase of equalized assessed value of 1.5 percent”. So as our property values are increased, and tax levy rate is annual, are our property taxes going to continue to increase annually to pay for salaries and pensions? And has the State of Illinois contributed all the monies it owes for schools?
By spiritspeak • Community Roundtable 0