The Danville District 118 School Board will be holding a Public Hearing on their proposed Tax Levy increase at 5:30 PM at the Wednesday, November 18th meeting; at the Dr. David L. Fields Administrative Service Center, 110 East Williams Street, in Danville.
The meeting will be called to order in the board room at 5:30PM, and the public hearing will be held. At the conclusion of the public hearing, once all speakers are heard, the board will then go into their usual 5:30 to 6:30 Closed Session. They will return for Open Session around 6:30.
Danville District 118 Director of Finance Todd Pence
District 118 Director of Finance Todd Pence has told CIMG that the plan calls for a one-time increase of the District’s Tax Levy from $4.15 per $100 of assessed valuation, to $4.84 per $100 of assessed valuation.
Pence says the new rate of $4.84 will put District 118 “right in the middle” of all Vermilion County Schools. On the other hand, Pence says, last year’s rate of $4.15 placed District 118 “20 cents below anyone else” in Vermilion County.
Pence says the plan calls for this one time increase of 69 cents, a return to its Tax Levy rate of 2024, in order to get back to a balanced budget situation. After this, the plan calls for keeping the levy at $4.84; meaning that afterwards any increase in the District 118 portion of residents’ property tax bills would only be due to an increase in assessed valuation.
