RESOLUTION OF INTENT TO CONTINUE THE FOUNDATION TAX LEVY
WHEREAS, HB1484 authorizes the board of a community college district to levy an additional tax upon the taxable property of the district in any year in which the State Board issues a certificate of eligibility to do so; and
WHEREAS, the Illinois Community College Board has certified that Lake Land College is authorized a 28.33 cents per $100 of equalized assessed valuation; and
WHEREAS, the Lake Land College Board of Trustees intends to continue the levy of an additional tax as authorized by HB1484; and
NOW, THEREFORE, BE IT RESOLVED THAT the Board of Trustees of Community College District No. 517, Counties of Christian, Clark, Clay, Coles, Crawford, Cumberland, Douglas, Edgar, Effingham, Fayette, Jasper, Macon, Montgomery, Moultrie, and Shelby, and the State of Illinois, intends to increase the levy by 10.33 cents per $100 of equalized assessed valuation to 28.33 cents per $100 of equalized assessed valuation as certified by the Illinois Community College Board, effective for the 2023 tax year.
If the Board of Trustees is petitioned by 11,863 voters of District #517 on or before December 13, 2023 by 5:00 p.m., a referendum will be held on March 19, 2024. Petitions are available at the office of the vice president for business services, Lake Land College campus, 5001 Lake Land Boulevard, Mattoon, Illinois. Petitions must be returned to aforementioned office.
Gary Cadwell, Board Chairman
Dave Storm, Board Secretary