NORMAL, Ill. (WMBD) — Voters in McLean and Woodford counties will see a question on the November ballot asking them if they would support an increase to the current tax rate.
The Unit 5 School Board voted unanimously Wednesday night for a referendum, it will ask for an increase tax rate to $3.60 per $100 of assessed valuation. The current tax rate is $2.72.
All of this comes as the district reports a multimillion dollar deficit. Financial leaders at Wednesday’s meeting said this increase could possibly offset that, reaching base level by 2026. It would also allow funding for smaller class sizes, student resources and improved safety which are top priorities for the district.
Board Superintendent, Kristen Weikle said they spent six months gathering information from the community through surveys and meetings.
“If you are not aware of this situation or you are not sure if you understand what we are talking about, take advantage of an informational session because as employees as board members we will be able to provide informational sessions,” said Weikle.
If enough votes pass in November, Unit 5 will seek an annual tax revenue increase of $14.5 million. The proposition will now be voted on Nov. 8 during the general election.