Tax Hike for Rock Island Schools
The cost of living in the Rock Island School District may go up next year, but the extra revenue won't pay for new buildings or programs. Tuesday night the board of education is expected to give its final approval to a new tax levy.
Chief Financial Officer, Bob Beckwith, is proposing a 5 per cent increase in the levy, to 29 million dollars. And that would raise the property tax rate in the district by 15 cents or about 3 per cent.
But most of the increased revenue would pay the increasing cost of contributions for Social Security, retirement, and insurance.
Beckwith says the good news is that property values in the Rock Island School District are finally rising - 1.3 per cent this year - after falling two years ago, and holding steady last year.