Property taxes going down per article Archived Message
Posted by whatusay  on November 16, 2015, 9:37 pm, in reply to "Re: When is going to end with the school district"
I can almost hear the school board screaming "Eureka, there's gold or more tax dollars in those hills"
Eureka: the sudden, unexpected realization of the solution to a problem
Also referred to as an "Aha moment".
The county decides to lower property taxes and the school board thinks hot damn, looks what's fallen into our lap! A POTENTIAL PROPERTY TAX INCREASE!
"Balanced budget"
Granite City School District improving financialy, schools chief says
Granite City School District Superintendent Jim Greenwald had reason to be thrilled after the September 22 School Board Meeting.
The board passed the districts 2015-2016 budget, presented to the board as a balanced budget by $150,000. The district received increased revenue in the form of general state aid being prorated at 92 percent, (see this amount in the second link posted below), received an additional $318,000 from the state Loss Limit grand, and both corporate personal property replacement and local property tax revenues increased.
"It was a pleasant surprise." Greenwald said. "It might be a much better situation than we anticipated. We still have to maintain a very frugal attitude. We were campaigning last year very hard toward the tax referendum. It appeared that we were going to be in a very dire financial situation. I would say it's still a serious one, but it's much improved."
Also, the district had cost reduction of $1 million and had minimal increases in expenditures that helped create the balanced budget. It also secured $5 million of cash reserves by selling bonds............
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Let's not forget the failed tax referendum...and how after it failed raises were still handed out to a certain number of people in the district.
And in an unprecedented move, the school district published a link on their website home page that led to a severely abbreviated set of minutes that barely explained these increases. They called them "adjustments". You had to dig and hunt to find the full minutes.
If memory serves, all but one school board member voted yes for these "salary adjustments" even though the town's folks made it abundantly clear that potential salary increases for administration and staff was the primary reason for the failure of the referendum to pass.
Bill McMasters, the new kid on the board, voted yes shortly after being elected.
Property taxes going down....
The link below is a schedule of payments to be made to our district, as well as other districts in the state.
http://webprod1.isbe.net/gsainquiry/default.aspxhttp://
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