Mercer County Board of Education tables tax levy resolution

Staff Writer
Aledo Times Record

The Mercer County District 404 Board of Education on Wednesday, Nov. 18, tabled approval of the 2015 tax levy, citing uncertainty as to what may happen at the state level in Springfield.

Interim Superintendent Dr. Jane Eichman told the board it had two options to consider. The first was to increase the levy by 4.99 percent, which would not require a truth-in-taxation hearing. Such a hearing is mandated when the levy is 105 percent or more of the previous' year's.

"Option 1 leaves the rate flat," the superintendent said.

The second option would be to increase the levy by more than 5 percent. Eichman said the problem is "not knowing where the state's going to go with tax caps."

The discussion in Springfield has been to cap property taxes for two years, which could leave District 404 in a financial bind if it goes with the smaller levy increase.

"This could be our base year," she said. "That's what's used to determine where you go from here. … It's not quite as cut and dried as it usually is."

Eichman suggested tabling the measure and scheduling a truth-in-taxation meeting to take place immediately before the Dec. 9 meeting. Tim King of King's Financial Inc. will speak to the board at that meeting to explain the options. Either option can be approved at that meeting.

Board member Barb Chiles made a motion to approve option 2, but Board President Julie Wagner pointed out that couldn't be done at this month's meeting, because a truth-in-taxation hearing had not been held.

The board voted unanimously to table approval of the tax levy resolution.