Levy and Tax Rate May Rise for RI Schools
Residents of the Rock Island School District may pay more next year to support the district. Tuesday night the school board will consider a tax levy for next year.
Chief Financial Officer, Bob Beckwith, is proposing a levy of nearly 29 million dollars - a 4.8 per cent increase over this year. And the tax rate would climb 15 cents, or about 3 per cent.
The good news for the district is that property values are finally increasing.
Beckwith says much of the increase will be eaten up by rising contributions required for Social Security, retirement, and insurance.
If the proposed levy is approved Tuesday night, it will go on display for a month, until a public hearing and possible final adoption at the Rock Island school board's meeting on December 8th.