Homewood District 153 expects to see only half of the $4 million in additional revenue it anticipated receiving from the 2022 school funding referendum.
The culprit is the reassessment of property done every three years. Taxes are collected based on the Equalized Assessed Valuation (EAV). For District 153, EAV dropped 9%.
Shock and dismay have set in among the school board and administrators who were counting on that $4 million to achieve three things —…
