INA — The Rend Lake Board of Trustees Tuesday night adopted the Fiscal Year 2019 budget as presented at the Aug. 7 Board of Trustees meeting. The budget was presented in tentative form at the August meeting. A public hearing was held prior to the regular board meeting Tuesday.
The board also adopted the 2018 tax levy (payable 2019) at Tuesday night’s meeting.
The corporate and special purposes levy went from $3,547,797 in 2017 to $3,692,953 in 2018, an increase of 4.09 percent. The debt service levy went from $3,117,676 in 2017 to $3,180,426 in 2018, an increase of 2.01 percent.
Because the corporate and special purposes levy is not greater than 105 percent of last year’s levy, no Truth in Taxation hearing is required.