School District Plans for 1% Sales Tax Revenue
Charleston Community Unit School District #1
1. Reduce district property tax levy by approximately .52 cents per $100 of assessed valuation.
Approximately $1.4 million or 72% of sales tax revenue annually.
2. Maintain existing district facilities and/or fund future facility improvements.
Approximately $500,000 would be placed into the Operations & Maintenance Fund.
Examples: Charleston High School roof (over 50 years old)
Utilization of $50,000 Illinois "Maintenance Grants" which may be awarded by Illinois State Board of Education.
3. Replace $500,000 of General State Aid which is placed annually into the Operations & Maintenance Fund.
Up to $500,000 of General State Aid would be placed into the Education Fund.
Mattoon Community Unit School District #2
1. Reduce district property tax levy by approximately .52 cents per $100 of assessed valuation.
Approximately $1.5 million annually.
2. Pay debt certificates for Mattoon High School renovations.
Approximately $400,000 annually.
3. Maintain existing district facilities.
Approximately $400,000 annually. Examples: Include re-roofing old parts of the high school and middle school.
Oakland Community Unit School District #5
1. Reduce district property tax levy by approximately .41 cents per $100 of assessed valuation.
Approximately $148,000 annually
2. Maintain existing district facilities and/or fund future facility improvements.
50% - Property Tax Relief
50% - Maintenance of Facilities
