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Monmouth-Roseville School Board Approves 10% Property Tax Levy Increase
Something the superintendent of the Monmouth-Roseville School District says should have started to be taken care of before he took the job has now officially been taken care of.

The Monmouth-Roseville School Board Tuesday night voted to approve a $4.4 million property tax levy request. That's a nearly 10% increase over the levy amount last year, but one Paul Woehlke says was necessary.

Woehlke tells WGIL it's partly because amounts levied under a previous administration for Medicare and the Illinois Municipal Retirement Fund weren't enough.

"The objective of levying tax dollars in those funds is to not go negative in fund balance at any point during the year," Woehlke said, "to levy the amount you need to pay your bills in that fund for the year. We have not been doing that for the last two tax cycles, and had actually gone negative at the lowest point of the year. We want to rectify that problem."

Woehlke says what's more, the IMRF statewide has been heavily reliant on the stock market, so its assets have gone down as the stock market has., requiring local governmental entities to make larger contribute more than they otherwise would have to.

Woehlke says he can't presume why levy amounts were low in previous years, but he's glad it's being taken care of now.
12 09 09 by Newsroom
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