by Keith Beebe
KANELAND—The Kaneland School Board on Monday voted 6-0 to approve the 2011 tax levy.
Board member Tony Valente was absent from the meeting.
The total 2011 tax levy is $48,571,877, with an operating levy of $39,614,417 and a bond and interest fund of $8,957,460. According to a document from Dr. Julie-Ann Fuchs, superintendent of business, the 2011 levy represents a 4.46 percent and 9.23 percent increase over the taxes extended in last year’s operating fund and bond and interest fund, respectively. The document states that the money received from the tax levy will help to provide programs, services, operating costs and other expenditures for the 2012-13 school year.
The total operating levy consists of the education fund ($32,318,927), operations and maintenance fund ($3,896,490), transportation ($1,854,000), working cash ($103,000), municipal retirement ($463,500), Social Security ($669,500) and special education ($309,000).
“By approving the levy tonight, it will allow me to file with the county clerk. The county clerk, throughout the winter, will hear revisions from the Board of Review and things like that for assessments,” Fuchs said.
Amounts will be finalized after the tax appeal process concludes in spring 2012. The district will begin to see that money the following June.
Fuchs said the levy includes a balloon amount that ensures the district will receive all available tax dollars, under the property tax cap law, should she undershoot any of her estimated figures. In her document, Fuchs states that she adjusted the 2 percent balloon amount down to 1.45 percent, since the education fund levy amount would exceed its maximum amount with a 2 percent balloon in place. As a result, the balloon amount was distributed to other levy funds.
The document also states that levy request is slightly lower than the tentative levy approved by the board last month.