Because of a lack of a quorum, Tuesday night’s Valley View School District 365U Board of Education meeting was canceled and re-scheduled for Tuesday, Nov. 20.
The meeting, which will be held at the Administration Center, 755 Dalhart Ave. in Romeoville. Executive session will begin at 6:30. The public session of the meeting will begin at 7 p.m.
A tentative 2012 tax levy is on the agenda for the meeting. The 2012 proposed tax levy is a 4.21 percent increase from the 2011 extension.
- Proposed 2012 Valley View Tax Levy is 4.21% Higher than 2011 Extension
According to a report from Assistant Superintendent for Admistrative Services Gary Grizaffi, the requested levy amount will likely be higher than the actual levy. That’s because this year’s equalized assessed valuation (EAV) of all properties within the district and new property values are still unknown.
By approving the tentative levy, the district will be able to request the maximum amount of property tax dollars allowable under tax cap laws. For 2012, any levy increase is capped at 3 percent.
If the final extension approved is in excess of the amount of funding actually needed, the board has until the spring to abate the excess taxes.
To view this year's tentative levy proposal, click here.
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