Schools
CUSD 115 Board to Hear Tax Levy, Budget Proposals
Meeting begins at 7 p.m. at the district administrative building.
Yorkville School officials will discuss the proposed $52 million tax levy during Monday night’s regular school board meeting.
According to district documents, the proposed levy for 2012 is $52,407,538. School District 115 is the largest portion of the tax bill in Yorkville.
By law, every school district is allowed to levy, or ask for, more taxes than they will collect, based on a formula utilizing the assessment of a property and the consumer price index.
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Board President Dave Dockstader told Patch in 2011 that 82 percent of the district’s revenue stream comes from property taxes, with 1.9 percent coming from federal aid; 12.4 percent from the state; and 3.1 percent from other local sources.
This revenue breaks down into expenditures through eight categories. Salaries make up 44 percent of expenditures, with benefits taking another 18.6 percent. Purchased Services are 13.8 percent; supplies and materials are 8.8 percent; and capital outlay is 0.8 percent. The remaining expenditures include 12.7 percent for other projects, .4 percent for non-capitalized equipment and .5 percent for contingencies.
Find out what's happening in Yorkvillewith free, real-time updates from Patch.
Officials will also examine the amendments to the 2013 $61 million budget adopted in September. A public hearing will be held Dec. 17 for the amended budget.
Additionally principals from Circle Center Grade School, Bristol Grade School, Grande Reserve Elementary School, and Autumn Creek Elementary School will present their School Improvement Plans.
The meeting begins at 7 p.m. at the district's administrative office.
