At their meeting Monday, the Mulberry Grove Board of Education approved the 2014 tax levy. Superintendent Brad Turner presented the proposed tax levy during a truth in taxation hearing starting at 6:45 p.m. In the regular meeting, the board approved the 2014 tax levy without change showing a 5% increase. With the anticipated increase in equalized assessed valuation, the actual increase will be approximately 7.75%. This amounts to an increase of approximately $94,000.00 to the district of which $70,000.00 is for bonds and interest leaving an aggregate tax levy increase of $24,000.00.
In the treasurer’s report, Turner said an additional $25,000.00 was loaned from the working cash fund to the transportation fund. This makes a total of $83,000.00 loaned to the transportation fund so far this year. The loans are necessary because no categorical state aid payments have yet been received for transportation from the state. Turner said historically the state has made the first transportation payment before the end of the year and he hopes to get that first payment within a few days.