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Proposed 2012 Valley View Tax Levy is 4.21% Higher than 2011 Extension

The Valley View School District 365U board of education will vote on its 2012 tax levy Dec. 10 and then has until April 1 to make adjustments.

Valley View School District 365U board members will review a proposed 2012 tax levy Tuesday night. 

The board will vote at Tuesday's meeting to set an estimated 2012 levy. It will then vote Dec. 10 to adopt a final 2012 levy. 

The tentative levy request would seek just more than $153 million in property taxes, which make up about 70 percent of the district’s revenues. The amount represents a 4.21 percent increase over last year’s extension of $147 million.

While the final levy is scheduled to be adopted on Dec. 10, the district will have until April 1, 2013, to make adjustments.

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

Editor's note: Patch editor Shannon Antinori contributed to this report.

Fund 2011 Extension 2012 Levy Increase (Decrease) Education $99,547,257 $94,911,608 -4.66% Operations & Maintenance $13,797,250 $14,767,898 7.04% Transportation $2,680,310 $3,226,280 20.37% Special Education $3,379,629 $10,485,300 210.25% Tort/Liability Insurance $2,326,917 $2,490,624 7.04% Il. Municipal Retirement $1,938,683 $2,075,072 7.04% Social Security $1,938,683 $2,075,072 7.04% Fire Prev/Safety $22,770 0% Working Cash $52,262 $56,097 7.34% Leasing $89,593 $268,830 200.06% Total Levy (Less: Debt Service) $125,750,584 $130,379,551 3.68% Debt Service $21,235,919 $22,795,550 7.34% Total Levy $146,986,503 $153,175,101 4.21%

Chart is from Valley View School District 365U. 

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Bob Jamesly November 13, 2012 at 03:59 PM
Bonus $$$ for the boss?
Kristie November 13, 2012 at 05:10 PM
Special Education and Leasing are both up over 200%. Has the district offered an explanation as to how this extra money is going to be spent?
Melissa Sersland November 13, 2012 at 05:25 PM
They haven't yet, Kristie. They might speak to that tonight. I'll post if I hear anything.
VVSDdad November 13, 2012 at 07:42 PM
I agree! And to a district that just lowered their grading scale for class grades in the name of "leveling the playing field"! Shameful! We are paying a heck of a lot of tax dollars to further dumb down the children!
Truth Seeker November 13, 2012 at 08:47 PM
Melissa, Maybe you could ask if it's common for other school districts to pay for trainings, seminars, continuing ed classes... for the teachers and staff of private schools. If not, will the payments for St Dominic employees stop when Quigley's kids graduate from there? The public probably doesn't realize that taxpayers have been funding the Catholic school. When it was made public that VVSD was transporting students to St Dominic that live in Plainfield 202 SD, they put a stop to it this year. I'm sure that the taxpayers would like to know how much money is being diverted from VVSD schools so that it can be given to St Dominic.

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