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Overview of The County School Facility Tax (CSFT)

Overview of The County School Facility Tax (CSFT). January 14, 2014. Background on the CSFT. Law enacted in 2007; based on an Iowa model Can be levied in increments of ¼ percent up to 1% max

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Overview of The County School Facility Tax (CSFT)

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  1. Overview of The County School Facility Tax (CSFT) January 14, 2014

  2. Background on the CSFT • Law enacted in 2007; based on an Iowa model • Can be levied in increments of ¼ percent up to 1% max • School Board/Boards representing more than 50% of the PreK-12 student population in the county must pass a resolution directing the Regional Superintendent to place the question on the ballot in the next election with the appropriate election authorities.

  3. Sales Tax Base • Includes everything currently in the county/municipal sales tax base EXCEPT FOR: • Automobiles • RVs, ATVs, Boats • Drugs • Farm equipment, parts, inputs • Unprepared food • Mobile homes

  4. Eligible Uses of the CSFT Revenue • New facilities, additions, renovations • Security, safety, disabled access/entrances • Ongoing maintenance, parking lots • Energy efficiency, roof repair, HLS, demolition • Land Acquisition, Architectural • Durable Equipment • Abatement of Property Taxes Levied to Pay Bonds Issued for Capital Purposes

  5. Revenue CANNOT be used for: • Salaries and benefits • Text books • Buses • Detached furniture/fixtures • Moveable equipment

  6. REQUIRED Ballot Language “Shall a retailers’ occupation tax and a service occupation tax (commonly referred to as a “sales tax”) be imposed in The County of McLean, Illinois, at a rate of 1% to be used exclusively for school facility purposes?”

  7. Implementation of CSFT • Simple majority of votes cast in the county needed for approval • Election results certified and filed with the Illinois Department of Revenue • Money is sent to Regional Office of Education by Dept. of Revenue for distribution approximately 4 months after effective date. • ROE distributes the $ to districts on per pupil basis for students residing in McLean County

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