The Hampton School Board has tentatively approved a tax levy of $1.1 million for the 2013 school year, but Superintendent Tom Berg said the tax rate should remain the same.|
He said the district's overall assessed valuation has dramatically increased since the tax-increment-financing district 1 expired. That means that tax revenue created in TIF 1 after it was formed now goes to the various taxing bodies instead of into a fund only for use on improvements within that TIF district.
So even though the district's tax rate will remain the same, an increase in the district's overall assessed valuation means the school district will receive more money.
Because it will be at least 5 percent more, Mr. Berg said a Truth in Taxation hearing must be held, and is scheduled for 6:25 p.m. on Dec. 10, immediately before the board meeting where the levy is expected to be approved.
In other action, the board approved a $2,600 contract with BLDD Architects for interior design services for the library, to be funded with a maintenance grant the school received last year. It will include design services, and overseeing carpet installation. Carpet squares will be installed, which will be easier to maintain.
Sherrard, IL Details
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