Little Change in Tax Rate for Carl Sandburg College
Property taxes probably won't change much for residents of the Carl Sandburg College district. Trustees have tentatively approved a tax rate for next year that's about one-tenth of a cent less than this year.
Chief Financial Officer, Cory Gall, says property values are expected to rise in the district next year, so the college can afford to lower the tax rate slightly.
"It's very unlikely that the average homeowner will notice any change in their property taxes from anything happening in our levy."
Gall says property taxes for the college make up 10 per cent or less of what people pay each year in the 10-county community college district. It includes Knox, Warren, Henderson, and Hancock counties.
And he thinks the college is doing pretty well financially.
"We're now receiving regular payments from the state like we had been before the impasse, and we've repaid most of the fund balances used during that time. So financially speaking, we're fairly well positioned."
Trustees are expected to give their final approval of next year's levy and tax rate during their meeting in November.