The Homewood District 153 school board approved a $16.2 million tax levy Monday, Dec. 8, that is expected to bring in an additional $428,000.
To get the increased revenue on the 2014 tax rolls, the district is doing creative bookkeeping. When property values were high in 2010 and 2011, the district reduced its tax rate, said Chief School Finance Officer John Gibson. But now that property values have dropped, the district is forced to increase its overall levy to get the necessary taxes.
“We are entitled to all this increase,” explained Gibson. “Because . . .
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