No Change in UT Tax Rate
The tax rate will stay the same, but some property owners in the United Township School District may pay more in taxes next year. Monday night the school board gave its final approval for next year's budget, including a rate of a-dollar-88 per 1,000 dollars assessed value - no change from the past several years.
Superintendent Jay Morrow says overall property values in the district will go up 1.4 per cent from this year.
"So homeowners will see, from UT's perspective, the tax rate will remain the same, but if their property values increased, they'll be paying more in property taxes."
He thinks school districts in this area are just beginning to recover, ten years after the great recession in 2008.
"Every school district either had to cut through actual reductions in force, or cut through attrition. All school districts, especially in the metro Illinois Quad Cities, did that. Fortunately now I think we've turned the corner a little bit so we can start to rebuild our programs."
Doctor Morrow says the UT budget has also benefitted from Illinois' new school funding formula which has a greater emphasis on "need" than in the past. For this year his district received an additional one million dollars, and he's hoping that'll happen again in the coming years.