EFFINGHAM, Ill. (WCIA) — CUSD #40’s school board is set to hold a public hearing on a tax levy.
The board unanimously approved the 2020 levy on October 26, but must bring any increase to the community for a discussion before taking the next steps to implement it.
The 2019 tax levy’s total with bond came out to a rate of 3.53494. The board is looking at two possible scenarios for the 2020 levy based on the Equalized Assessment Value (EAV). Under a 6% increase in the EAV, the recommended tax levy would decrease to a rate of 3.5154. Under a 3% increase in the EAV, the rate would increase to 3.5383. CUSD #40 is still waiting for the county’s assessment.