Thomasboro puts school tax increase on ballot

Thomasboro puts school tax increase on ballot

THOMASBORO — Residents of the Thomasboro Grade School District will vote on a bond resolution in the Nov. 4 general election to raise the property tax levy by 2 cents per $100 equalized assessed valuation.

The owner of a home assessed at $100,000 would pay $666 per year in property taxes to the school district if the resolution is approved.

The proposal would raise the tax levy to $4.6194 per $100 equalized assessed valuation.

Like many schools in Illinois, Thomasboro Grade School is experiencing money difficulties due to reduced state payments.

— In other business: The board reached an agreement on a one-year teacher contract to increase salaries by 2 percent for those who are on the salary schedule and 2.5 percent for those who are off the schedule.

Sections (2):News, Local
Tags (1):2014 election