With a new tax levy needing to be approved, the Bond County Community Unit 2 board of education will hold a truth in taxation hearing at its next meeting on December 14.
Superintendent Wes Olson told WGEL the 5% increase over what you received the previous year is often times confused with what you asked for the previous year. “Essentially, the levy can be the same and we’d still be having this truth in taxation hearing,” he said, “because the extension, or what we receive…is what we receive, based on what the EAV is and what the rates are.”
Click below to hear more of his comments:
The district plans to increase levies in the Illinois Municipal Retirement Fund and Social Security fund by $20,000 apiece and the tort insurance fund by $100,000. Those funds have no rate limits. All other funds are at their maximum rates.
The December 14th meeting begins at 7 p.m. at Greenville Junior High School.