2016 Tax Levy Packet
Proposed 2016 Tax Levy Presented at the Mahomet‐Seymour CUSD #3 Board of Education meeting on December 12, 2016
Table of Contents Equalized Assessed Valuation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Levy Extensions and General State Aid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Historical Tax Rates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 K‐12 Local Area Tax Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Tax Levy Calculation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Tax Levy Resolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Certificate of Tax Levy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2016 Tax Levy Timeline August 2, 2016 ‐ Received Equalized Assessed Valuation (EAV) estimates for 2016 levy from Champaign County Assessment Office December 12, 2016 ‐ Tax Levy Hearing at 6:30pm December 12, 2016 ‐ Recommendation of approval of 2016 Tax Levy at 7:00 pm Board of Education meeting Prior to the last Tuesday of December ‐ The Certificate of Tax Levy will be filed in person by the Chief School Business Official at the Champaign County Clerk and Piatt County Clerk offices. January 23, 2017 ‐ Recommendation of approval of the Abatement Resolution of the Series 2010 bond payment, Series 2016C bond payment, and one‐third of the sales tax receipts for 2016 March 1, 2017 ‐ Deadline for filing Abatement Resolution with the Champaign County Clerk April 15, 2017 ‐ The District receives statement of valuation, levy, and extensions from Champaign County and Piatt County. Note : The District receives approximately 50% of the extension in two payments in May and June. The remaining 50% of the extension is received in payments from August through November.
Equalized Assessed Value (EAV) Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Farm $14,574,980 $15,146,190 $16,273,030 $17,560,620 $18,410,780 $18,165,830 $19,025,680 $20,995,970 $22,826,000 $23,665,400 $23,307,110 $22,352,222 $21,317,102 $20,877,135 $21,067,336 $22,451,426 $23,855,819 $25,250,814 $26,544,891 $27,631,829 $29,214,014 $30,543,810 $31,903,434 $34,349,529 $35,035,549
Commercial Residential $6,002,480 $56,874,720 $6,245,350 $59,467,770 $6,699,050 $64,464,780 $7,389,940 $69,801,180 $7,790,350 $78,220,540 $8,733,890 $87,612,740 $9,239,880 $95,844,700 $9,756,740 $102,924,550 $10,060,000 $108,809,940 $10,006,640 $112,972,230 $10,500,869 $121,409,510 $11,804,739 $130,351,758 $13,071,879 $142,054,684 $14,102,445 $149,648,819 $14,665,348 $168,056,528 $14,939,512 $182,556,490 $15,762,374 $199,501,883 $16,979,971 $210,742,617 $18,197,905 $216,422,453 $19,734,027 $219,191,709 $19,993,208 $222,718,103 $20,326,249 $221,961,060 $19,567,712 $227,581,967 $21,199,321 $235,070,745 $21,495,440 $245,372,290
Railroad $244,444 $309,348 $341,541 $395,487 $459,982 $471,837 $597,652 $615,445 $643,067 $509,763 $517,940 $533,640 $555,644 $522,155 $514,003 $586,383 $653,716 $773,076 $965,678 $1,020,212 $1,125,181 $1,143,564 $1,105,081 $1,087,531 $1,176,527
Industrial $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18,670 $19,320 $19,880 $19,880 $19,880 $19,450 $19,450 $19,060 $19,060 $19,060
Other Co. $15,325 $18,185 $18,185 $20,606 $21,199 $24,074 $27,001 $29,720 $31,113 $75,580 $79,709 $80,080 $36,113 $75,185 $76,981 $75,937 $85,541 $86,317 $87,707 $86,707 $86,001 $84,336 $82,825 $82,825 $82,825
Total % Change $77,711,949 ‐ $81,186,843 4.47% $87,796,586 8.14% $95,167,833 8.40% $104,902,851 10.23% $115,008,371 9.63% $124,734,913 8.46% $134,322,425 7.69% $142,370,120 5.99% $147,229,613 3.41% $155,815,138 5.83% $165,122,439 5.97% $177,035,422 7.21% $185,225,739 4.63% $204,380,196 10.34% $220,628,418 7.95% $239,878,653 8.73% $253,852,675 5.83% $262,238,514 3.30% $267,684,364 2.08% $273,155,957 2.04% $274,078,469 0.34% $280,260,079 2.26% $291,809,011 4.12% $303,181,691 3.90%
Average increase in EAV from 1991 to 2015
5.87%
EAV increase from 2009 to 2015 15.61% $325,000,000 $300,000,000 $275,000,000 $250,000,000 $225,000,000 $200,000,000 $175,000,000 $150,000,000 $125,000,000 $100,000,000 $75,000,000 $50,000,000 $25,000,000
Farm
Commercial
Residential
Railroad
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Industrial
Other Co.
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
$0
General State Aid and Local Tax Extensions Levy Year 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fiscal Year 88‐89 89‐90 90‐91 91‐92 92‐93 93‐94 94‐95 95‐96 96‐97 97‐98 98‐99 99‐00 00‐01 01‐02 02‐03 03‐04 04‐05 05‐06 06‐07 07‐08 08‐09 09‐10 10‐11 11‐12 12‐13 13‐14 14‐15 15‐16 16‐17
General State Aid $2,830,280 $3,238,419 $3,517,192 $3,555,177 $3,893,991 $4,225,586 $4,622,747 $5,085,473 $5,364,725 $5,319,336 $7,092,503 $6,870,500 $6,761,932 $6,586,051 $6,483,299 $6,851,417 $7,051,622 $7,683,248 $7,845,403 $8,275,527 $8,259,658 $7,953,874 $7,904,892 $7,775,054 $7,251,729 $7,277,075 $7,898,738 $8,302,598 $8,539,669
Tax Extension $2,421,619 $2,637,359 $2,831,773 $3,446,434 $3,541,567 $3,724,342 $3,939,055 $4,512,002 $4,832,454 $5,573,650 $5,984,157 $6,313,019 $6,717,307 $6,942,907 $7,313,339 $7,850,413 $8,432,728 $8,868,608 $9,765,490 $10,581,005 $11,259,424 $11,661,072 $11,323,459 $11,797,385 $12,015,857 $12,315,990 $12,611,143 $13,162,629 $13,767,177
Total $5,251,899 $5,875,778 $6,348,965 $7,001,611 $7,435,558 $7,949,928 $8,561,802 $9,597,475 $10,197,179 $10,892,986 $13,076,660 $13,183,519 $13,479,239 $13,528,958 $13,796,638 $14,701,830 $15,484,350 $16,551,856 $17,610,893 $18,856,532 $19,519,082 $19,614,946 $19,228,351 $19,572,439 $19,267,586 $19,593,065 $20,509,881 $21,465,227 $22,306,847
$ Change ‐ $623,879 $473,187 $652,646 $433,947 $514,370 $611,874 $1,035,673 $599,704 $695,807 $2,183,674 $106,859 $295,720 $49,719 $267,680 $905,192 $782,520 $1,067,506 $1,059,037 $1,245,639 $662,550 $95,864 ($386,595) $344,088 ($304,853) $325,479 $916,816 $955,346 $841,620
% Change ‐ 11.88% 8.05% 10.28% 6.20% 6.92% 7.70% 12.10% 6.25% 6.82% 20.05% 0.82% 2.24% 0.37% 1.98% 6.56% 5.32% 6.89% 6.40% 7.07% 3.51% 0.49% ‐1.97% 1.79% ‐1.56% 1.69% 4.68% 4.66% 3.92%
Note : General State Aid for fiscal year 2011‐2012, 2012‐2013, 2013‐2014, 2014‐2015, and 2015‐2016 was prorated at 95%, 89%, 89%, 89%, and 92%, respectively.
$25,000,000 $22,500,000 $20,000,000 $17,500,000 $15,000,000 $12,500,000 $10,000,000 $7,500,000 $5,000,000 $2,500,000
General State Aid
Tax Extension
-2-
16‐17
15‐16
14‐15
13‐14
12‐13
11‐12
10‐11
09‐10
08‐09
07‐08
06‐07
05‐06
04‐05
03‐04
02‐03
01‐02
00‐01
99‐00
98‐99
97‐98
96‐97
95‐96
94‐95
93‐94
92‐93
91‐92
90‐91
89‐90
88‐89
$0
Historical Tax Rates (Per $100 Equalized Assessed Valuation)
LEVY CATEGORIES Levy Year
Fiscal Year
Education
Building
Bond
Trans
IMRF/SS
Working Cash
Tort Liability
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
1989‐1990 1990‐1991 1991‐1992 1992‐1993 1993‐1994 1994‐1995 1995‐1996 1996‐1997 1997‐1998 1998‐1999 1999‐2000 2000‐2001 2001‐2002 2002‐2003 2003‐2004 2004‐2005 2005‐2006 2006‐2007 2007‐2008 2008‐2009 2009‐2010 2010‐2011 2011‐2012 2012‐2013 2013‐2014 2014‐2015 2015‐2016 2016‐2017
$1.84 $1.8397 $1.84 $1.84 $1.84 $2.4278 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45
$0.50 $0.50 $0.50 $0.50 $0.50 $0.4955 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50
$0.8234 $0.8414 $1.4611 $1.4657 $1.4836 $0.8138 $0.8962 $0.7708 $0.8770 $0.7619 $0.7175 $0.7250 $0.7610 $0.7646 $0.8090 $0.8217 $0.8034 $0.8115 $0.7978 $0.7701 $0.7529 $0.7778 $0.6375 $0.5839 $0.6246 $0.6960 $0.7082 $0.7277
$0.20 $0.20 $0.20 $0.1493 $0.1506 $0.1982 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20
$0.2201 $0.2503 $0.2666 $0.2702 $0.2771 $0.2217 $0.2746 $0.2698 $0.2973 $0.3688 $0.3425 $0.3231 $0.2955 $0.1380 $0.2422 $0.1921 $0.2127 $0.2936 $0.3399 $0.3127 $0.3250 $0.2002 $0.3176 $0.3286 $0.3466 $0.2854 $0.2398 $0.2374
$0.05 $0.05 $0.05 $0.05 $0.05 $0.0495 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05
$0.1467 $0.1669 $0.1866 $0.1930 $0.1971 $0.1919 $0.2803 $0.3260 $0.4320 $0.3768 $0.3499 $0.3301 $0.3192 $0.5010 $0.4154 $0.4095 $0.4319 $0.3425 $0.3286 $0.2710 $0.1773 $0.0000 $0.1121 $0.1464 $0.1824 $0.1784 $0.2227 $0.2358
Tech. & Special Leasing Education
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05
$0.04 $0.04 $0.04 $0.04 $0.04 $0.0396 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04
Fire & Safety
$0.05 $0.05 $0.05 $0.05 $0.05 $0.0495 $0.05 ‐ ‐ ‐ ‐ $0.05 $0.05 ‐ ‐ $0.05 $0.05 $0.04 $0.04 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05
TOTAL $3.8702 $3.9383 $4.5943 $4.5582 $4.5884 $4.4875 $4.7411 $4.6066 $4.8463 $4.7975 $4.6999 $4.7182 $4.7157 $4.6936 $4.7543 $4.7633 $4.7880 $4.7781 $4.7975 $4.6938 $4.5952 $4.3180 $4.4072 $4.3989 $4.4936 $4.4998 $4.5107 $4.5409
Note : The tax rates for Bond and Interest are set by the County Clerk and are based on the levy adopted by the Board of Education and the Assessed Valuation which were determined by the Local Assessor.
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 $4.5409 $4.5107 $4.4998 $4.4936 $4.3989 $4.4072 $4.3180 $4.5952 $4.6938 $4.7975 $4.7781 $4.7880 $4.7633 $4.7543 $4.6936 $4.7157 $4.7182 $4.6999 $4.7975 $4.8463 $4.6066 $4.7411 $4.4875 $4.5884 $4.5582 $4.5943 $3.9383 $3.8702 -3-
2015 Champaign & Ford County K‐12 Tax Rates (Ranked from highest to lowest) School District
2015 Total Tax Rate
Rantoul City Schools #137 (K‐8) 4.8070 | Rantoul TWP HSD #193 (9‐12) 2.9430 Ludlow CCSD #142 (K‐8) 3.6867 | Rantoul TWP HSD #193 (9‐12) 2.9430 Gibson City Melvin‐Sibley CUSD #5 (K‐12) Prairieview‐Ogden CCSD #197 (K‐8) 3.0551 | Rantoul TWP HSD #193 (9‐12) 2.9430 Urbana SD #116 (K‐12) Thomasboro CCSD #130 (K‐8) 3.0063 | Rantoul TWP HSD #193 (9‐12) 2.9430 Paxton‐Buckley‐Loda CUSD #10 (K‐12) Gifford CCSD #188 (K‐8) 2.6116 | Rantoul TWP HSD #193 (9‐12) 2.9430 Heritage CUSD #8 (K‐12) Fisher CUSD #1 (K‐12) Prairieview‐Ogden CCSD #197 (K‐8) 3.0551 | SJOHS #305 (9‐12) 2.0107 St. Joseph CCSD #169 (K‐8) 2.6832 | SJOHS #305 (9‐12) 2.0107 Mahomet‐Seymour CUSD #3 (K‐12) Tolono CUSD #7 (K‐12) Champaign CUSD #4 (K‐12) Average=
-4-
7.7500 6.6297 6.4732 5.9981 5.9828 5.9493 5.6619 5.5546 5.4948 5.1092 5.0658 4.6939 4.5409 4.4437 4.4117 5.5840
Tax Levy Calculation Estimated EAV Prior Year EAV Amount Increase % Increase
$321,675,774 $303,181,691 $18,494,083 6.10%
(Champaign County EAV estimate is 5.95%)
2016 Calculating Rate (before tax abatement) 0.0245000000 0.0103305728 0.0050000000 0.0013989241 0.0020000000 0.0005000000 0.0005000000 0.0004000000 0.0023315402 0.0013989241 0.0005000000
Estimated 2016 Extension (before tax abatement ) $7,881,056 $3,323,095 $1,608,379 $450,000 $643,352 $160,838 $160,838 $128,670 $750,000 $450,000 $160,838
Fund Name Education Bond Building IMRF Transportation Working Cash Fire & Safety Spec. Ed. Liability Ins. Social Sec. Tech. & Leas.
Prior Year Extension $7,427,951 $2,206,253 $1,515,908 $359,877 $606,363 $151,591 $151,591 $121,273 $714,902 $359,877 $151,591
Prior Year Calculating Rate 0.024500 0.007277 0.005000 0.001187 0.002000 0.000500 0.000500 0.000400 0.002358 0.001187 0.000500
TOTAL
$13,767,177
0.045409
0.0488599612
Actual 2015 Rate 4.5409
Estimated Pre‐Abatement 2016 Rate 4.8860
Rate Limit 0.024500 ‐ 0.005000 ‐ 0.002000 0.000500 0.000500 0.000400 ‐ ‐ 0.000500
$15,717,066
*Estimated 2016 Tax Abatement $0 ($1,057,502) $0 $0 $0 $0 $0 $0 $0 $0 $0
Estimated 2016 Extension (after tax 2016 Calculating Rate abatement ) (after tax abatement) $7,881,056 0.0245000000 $2,265,593 0.0070430949 $1,608,379 0.0050000000 $450,000 0.0013989241 $643,352 0.0020000000 $160,838 0.0005000000 $160,838 0.0005000000 $128,670 0.0004000000 $750,000 0.0023315402 $450,000 0.0013989241 $160,838 0.0005000000 $14,659,564
0.0455724833 Estimated 2016 Rate 4.5572
* NOTE : The "Estimated Tax Abatement in January 2017" is equal to one‐third of the sales tax distributions received during calendar year 2016 ($746,432) plus the annual payment for the Series 2010 $2 million Alternate Revenue Source Bond ($151,950) and the annual payment for the Series 2016C $2 million Alternate Revenue Source Bond ($159,120).
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RESOLUTION CONCERNING AND EFFECTING TAX LEVY FOR 2016 WHEREAS, Mahomet‐Seymour Community Unit School District No. 3, Champaign County, Illinois ascertained and determined and does hereby ascertain and determine that the sum of $7,881,056 must be raised for educational purposes; the sum of $1,608,379 must be raised for operations and maintenance purposes; the sum of $643,352 be raised for transportation purposes; the sum of $160,838 must be raised for working cash purposes; the sum of $450,000 must be raised for municipal retirement purposes; the sum of $450,000 must be raised for social security purposes; the sum of $160,838 must be raised for fire prevention, safety, energy conservation, handicapped accessibility and school security; the sum of $750,000 must be raised for tort immunity purposes; the sum of $128,670 must be raised for special education purposes; and the sum of $160,838 must be raised for technology lease/purchase purposes. WHEREAS, all provisions of the Truth‐in‐Taxation Act have been complied with in anticipation of the adoption of the tax levy, hereinafter made. NOW, THEREFORE BE IT RESOLVED accordingly that the amounts contained in the first recital above are hereby levied for the purposes set forth in connection with each of said amounts for the year 2016 and certified and returned forthwith to the County Clerks of Champaign and Piatt Counties, Illinois, and that the President and Secretary of this Board shall duly certified said tax levy in the form and manner as prescribed by statute and in substantially the form attached hereto. BE IT FURTHER RESOLVED, that the President of this Board shall execute and file with such Certificate of Tax Levy a certificate that all provisions of the Truth‐in‐Taxation Act have been complied with. APPROVED AND ADOPTED at a regular meeting of the Board of Education of Mahomet‐ Seymour Community Unit School District No. 3, Champaign County, Illinois this 12th of December, 2016.
President, Board of Education
Secretary, Board of Education
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ILLINOIS STATE BOARD OF EDUCATION Original: Amended:
x
School Business Services Division 217/785-8779
CERTIFICATE OF TAX LEVY A copy of this Certificate of Tax Levy shall be filed with the County Clerk of each county in which the school district is located on or before the last Tuesday of December. District Name
District Number
Mahomet-Seymour CUSD #3
County
Champaign/Piatt
09-010-0030-26
Amount of Levy Educational
$
Operations & Maintenance
$
Transportation
$
Working Cash
$
Municipal Retirement
$
Social Security
$
7,881,056 1,608,379 643,352 160,838 450,000 450,000
Fire Prevention & Safety *
$
Tort Immunity
$
Special Education
$
Leasing
$
Other
$
Other
$
Total Levy
$
160,838 750,000 128,670 160,838 0 0 12,393,971
* Includes Fire Prevention, Safety, Energy Conservation, Disabled Accessibility, School Security,
See explanation on reverse side. Note:
and Specified Repair Purposes.
Any district proposing to adopt a levy must comply with the provisions set forth in the Truth in Taxation Law.
We hereby certify that we require: the sum of 7,881,056 the sum of 1,608,379 the sum of 643,352 the sum of 160,838 the sum of 450,000 the sum of 450,000 the sum of 160,838
dollars to be levied as a special tax for educational purposes; and dollars to be levied as a special tax for operations and maintenance purposes; and dollars to be levied as a special tax for transportation purposes; and dollars to be levied as a special tax for a working cash fund; and dollars to be levied as a special tax for municipal retirement purposes; and dollars to be levied as a special tax for social security purposes; and dollars to be levied as a special tax for fire prevention, safety, energy conservation, disabled accessibility, school security and specified repair purposes; and the sum of 750,000 dollars to be levied as a special tax for tort immunity purposes; and the sum of 128,670 dollars to be levied as a special tax for special education purposes; and the sum of 160,838 dollars to be levied as a special tax for leasing of educational facilities or computer technology or both, and temporary relocation expense purposes; and the sum of ; and 0 dollars to be levied as a special tax for the sum of 0 dollars to be levied as a special tax for on the taxable property of our school district for the year .
Signed this
12th
day of December
20
16
. (President)
(Clerk or Secretary of the School Board of Said School District) When any school is authorized to issue bonds, the school board shall file a certified copy of the resolution in the office of the county clerk of each county in which the district is situated to provide for the issuance of the bonds and to levy a tax to pay for them. The county clerk shall extend the tax for bonds and interest as set forth in the certified copy of the resolution, each year during the life of the bond issue. Therefore to avoid a possible duplication of tax levies, the school board should not include a levy for bonds and interest in the district's annual tax levy.
12
Number of bond issues of said school district that have not been paid in full
.
(Detach and Return to School District)
This is to certify that the Certificate of Tax Levy for School District No.
,
County,
,
Illinois, on the equalized assesed value of all taxable property of said school district for the year
.
was filed in the office of the County Clerk of this County on
In addition to an extension of taxes authorized by levies made by the Board of Education (Directors), an additional extension(s) will be made, as authorized by resolution(s) on file in this office, to provide funds to retire bonds and pay interest thereon. The total levy, as provided in the original resolution(s), for said purposes for the year
, is
(Signature of County Clerk)
(Date)
(County)
ISBE Form 50-02 (06/2013) ctl2013.xls
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$
.
Table of Contents Equalized Assessed Valuation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Levy Extensions and General State Aid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Historical Tax Rates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 K‐12 Local Area Tax Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Tax Levy Calculation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Tax Levy Resolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Certificate of Tax Levy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2016 Tax Levy Timeline August 2, 2016 ‐ Received Equalized Assessed Valuation (EAV) estimates for 2016 levy from Champaign County Assessment Office December 12, 2016 ‐ Tax Levy Hearing at 6:30pm December 12, 2016 ‐ Recommendation of approval of 2016 Tax Levy at 7:00 pm Board of Education meeting Prior to the last Tuesday of December ‐ The Certificate of Tax Levy will be filed in person by the Chief School Business Official at the Champaign County Clerk and Piatt County Clerk offices. January 23, 2017 ‐ Recommendation of approval of the Abatement Resolution of the Series 2010 bond payment, Series 2016C bond payment, and one‐third of the sales tax receipts for 2016 March 1, 2017 ‐ Deadline for filing Abatement Resolution with the Champaign County Clerk April 15, 2017 ‐ The District receives statement of valuation, levy, and extensions from Champaign County and Piatt County. Note : The District receives approximately 50% of the extension in two payments in May and June. The remaining 50% of the extension is received in payments from August through November.
Equalized Assessed Value (EAV) Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Farm $14,574,980 $15,146,190 $16,273,030 $17,560,620 $18,410,780 $18,165,830 $19,025,680 $20,995,970 $22,826,000 $23,665,400 $23,307,110 $22,352,222 $21,317,102 $20,877,135 $21,067,336 $22,451,426 $23,855,819 $25,250,814 $26,544,891 $27,631,829 $29,214,014 $30,543,810 $31,903,434 $34,349,529 $35,035,549
Commercial Residential $6,002,480 $56,874,720 $6,245,350 $59,467,770 $6,699,050 $64,464,780 $7,389,940 $69,801,180 $7,790,350 $78,220,540 $8,733,890 $87,612,740 $9,239,880 $95,844,700 $9,756,740 $102,924,550 $10,060,000 $108,809,940 $10,006,640 $112,972,230 $10,500,869 $121,409,510 $11,804,739 $130,351,758 $13,071,879 $142,054,684 $14,102,445 $149,648,819 $14,665,348 $168,056,528 $14,939,512 $182,556,490 $15,762,374 $199,501,883 $16,979,971 $210,742,617 $18,197,905 $216,422,453 $19,734,027 $219,191,709 $19,993,208 $222,718,103 $20,326,249 $221,961,060 $19,567,712 $227,581,967 $21,199,321 $235,070,745 $21,495,440 $245,372,290
Railroad $244,444 $309,348 $341,541 $395,487 $459,982 $471,837 $597,652 $615,445 $643,067 $509,763 $517,940 $533,640 $555,644 $522,155 $514,003 $586,383 $653,716 $773,076 $965,678 $1,020,212 $1,125,181 $1,143,564 $1,105,081 $1,087,531 $1,176,527
Industrial $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18,670 $19,320 $19,880 $19,880 $19,880 $19,450 $19,450 $19,060 $19,060 $19,060
Other Co. $15,325 $18,185 $18,185 $20,606 $21,199 $24,074 $27,001 $29,720 $31,113 $75,580 $79,709 $80,080 $36,113 $75,185 $76,981 $75,937 $85,541 $86,317 $87,707 $86,707 $86,001 $84,336 $82,825 $82,825 $82,825
Total % Change $77,711,949 ‐ $81,186,843 4.47% $87,796,586 8.14% $95,167,833 8.40% $104,902,851 10.23% $115,008,371 9.63% $124,734,913 8.46% $134,322,425 7.69% $142,370,120 5.99% $147,229,613 3.41% $155,815,138 5.83% $165,122,439 5.97% $177,035,422 7.21% $185,225,739 4.63% $204,380,196 10.34% $220,628,418 7.95% $239,878,653 8.73% $253,852,675 5.83% $262,238,514 3.30% $267,684,364 2.08% $273,155,957 2.04% $274,078,469 0.34% $280,260,079 2.26% $291,809,011 4.12% $303,181,691 3.90%
Average increase in EAV from 1991 to 2015
5.87%
EAV increase from 2009 to 2015 15.61% $325,000,000 $300,000,000 $275,000,000 $250,000,000 $225,000,000 $200,000,000 $175,000,000 $150,000,000 $125,000,000 $100,000,000 $75,000,000 $50,000,000 $25,000,000
Farm
Commercial
Residential
Railroad
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Industrial
Other Co.
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
$0
General State Aid and Local Tax Extensions Levy Year 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fiscal Year 88‐89 89‐90 90‐91 91‐92 92‐93 93‐94 94‐95 95‐96 96‐97 97‐98 98‐99 99‐00 00‐01 01‐02 02‐03 03‐04 04‐05 05‐06 06‐07 07‐08 08‐09 09‐10 10‐11 11‐12 12‐13 13‐14 14‐15 15‐16 16‐17
General State Aid $2,830,280 $3,238,419 $3,517,192 $3,555,177 $3,893,991 $4,225,586 $4,622,747 $5,085,473 $5,364,725 $5,319,336 $7,092,503 $6,870,500 $6,761,932 $6,586,051 $6,483,299 $6,851,417 $7,051,622 $7,683,248 $7,845,403 $8,275,527 $8,259,658 $7,953,874 $7,904,892 $7,775,054 $7,251,729 $7,277,075 $7,898,738 $8,302,598 $8,539,669
Tax Extension $2,421,619 $2,637,359 $2,831,773 $3,446,434 $3,541,567 $3,724,342 $3,939,055 $4,512,002 $4,832,454 $5,573,650 $5,984,157 $6,313,019 $6,717,307 $6,942,907 $7,313,339 $7,850,413 $8,432,728 $8,868,608 $9,765,490 $10,581,005 $11,259,424 $11,661,072 $11,323,459 $11,797,385 $12,015,857 $12,315,990 $12,611,143 $13,162,629 $13,767,177
Total $5,251,899 $5,875,778 $6,348,965 $7,001,611 $7,435,558 $7,949,928 $8,561,802 $9,597,475 $10,197,179 $10,892,986 $13,076,660 $13,183,519 $13,479,239 $13,528,958 $13,796,638 $14,701,830 $15,484,350 $16,551,856 $17,610,893 $18,856,532 $19,519,082 $19,614,946 $19,228,351 $19,572,439 $19,267,586 $19,593,065 $20,509,881 $21,465,227 $22,306,847
$ Change ‐ $623,879 $473,187 $652,646 $433,947 $514,370 $611,874 $1,035,673 $599,704 $695,807 $2,183,674 $106,859 $295,720 $49,719 $267,680 $905,192 $782,520 $1,067,506 $1,059,037 $1,245,639 $662,550 $95,864 ($386,595) $344,088 ($304,853) $325,479 $916,816 $955,346 $841,620
% Change ‐ 11.88% 8.05% 10.28% 6.20% 6.92% 7.70% 12.10% 6.25% 6.82% 20.05% 0.82% 2.24% 0.37% 1.98% 6.56% 5.32% 6.89% 6.40% 7.07% 3.51% 0.49% ‐1.97% 1.79% ‐1.56% 1.69% 4.68% 4.66% 3.92%
Note : General State Aid for fiscal year 2011‐2012, 2012‐2013, 2013‐2014, 2014‐2015, and 2015‐2016 was prorated at 95%, 89%, 89%, 89%, and 92%, respectively.
$25,000,000 $22,500,000 $20,000,000 $17,500,000 $15,000,000 $12,500,000 $10,000,000 $7,500,000 $5,000,000 $2,500,000
General State Aid
Tax Extension
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16‐17
15‐16
14‐15
13‐14
12‐13
11‐12
10‐11
09‐10
08‐09
07‐08
06‐07
05‐06
04‐05
03‐04
02‐03
01‐02
00‐01
99‐00
98‐99
97‐98
96‐97
95‐96
94‐95
93‐94
92‐93
91‐92
90‐91
89‐90
88‐89
$0
Historical Tax Rates (Per $100 Equalized Assessed Valuation)
LEVY CATEGORIES Levy Year
Fiscal Year
Education
Building
Bond
Trans
IMRF/SS
Working Cash
Tort Liability
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
1989‐1990 1990‐1991 1991‐1992 1992‐1993 1993‐1994 1994‐1995 1995‐1996 1996‐1997 1997‐1998 1998‐1999 1999‐2000 2000‐2001 2001‐2002 2002‐2003 2003‐2004 2004‐2005 2005‐2006 2006‐2007 2007‐2008 2008‐2009 2009‐2010 2010‐2011 2011‐2012 2012‐2013 2013‐2014 2014‐2015 2015‐2016 2016‐2017
$1.84 $1.8397 $1.84 $1.84 $1.84 $2.4278 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45 $2.45
$0.50 $0.50 $0.50 $0.50 $0.50 $0.4955 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50
$0.8234 $0.8414 $1.4611 $1.4657 $1.4836 $0.8138 $0.8962 $0.7708 $0.8770 $0.7619 $0.7175 $0.7250 $0.7610 $0.7646 $0.8090 $0.8217 $0.8034 $0.8115 $0.7978 $0.7701 $0.7529 $0.7778 $0.6375 $0.5839 $0.6246 $0.6960 $0.7082 $0.7277
$0.20 $0.20 $0.20 $0.1493 $0.1506 $0.1982 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20
$0.2201 $0.2503 $0.2666 $0.2702 $0.2771 $0.2217 $0.2746 $0.2698 $0.2973 $0.3688 $0.3425 $0.3231 $0.2955 $0.1380 $0.2422 $0.1921 $0.2127 $0.2936 $0.3399 $0.3127 $0.3250 $0.2002 $0.3176 $0.3286 $0.3466 $0.2854 $0.2398 $0.2374
$0.05 $0.05 $0.05 $0.05 $0.05 $0.0495 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05
$0.1467 $0.1669 $0.1866 $0.1930 $0.1971 $0.1919 $0.2803 $0.3260 $0.4320 $0.3768 $0.3499 $0.3301 $0.3192 $0.5010 $0.4154 $0.4095 $0.4319 $0.3425 $0.3286 $0.2710 $0.1773 $0.0000 $0.1121 $0.1464 $0.1824 $0.1784 $0.2227 $0.2358
Tech. & Special Leasing Education
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05
$0.04 $0.04 $0.04 $0.04 $0.04 $0.0396 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04
Fire & Safety
$0.05 $0.05 $0.05 $0.05 $0.05 $0.0495 $0.05 ‐ ‐ ‐ ‐ $0.05 $0.05 ‐ ‐ $0.05 $0.05 $0.04 $0.04 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05 $0.05
TOTAL $3.8702 $3.9383 $4.5943 $4.5582 $4.5884 $4.4875 $4.7411 $4.6066 $4.8463 $4.7975 $4.6999 $4.7182 $4.7157 $4.6936 $4.7543 $4.7633 $4.7880 $4.7781 $4.7975 $4.6938 $4.5952 $4.3180 $4.4072 $4.3989 $4.4936 $4.4998 $4.5107 $4.5409
Note : The tax rates for Bond and Interest are set by the County Clerk and are based on the levy adopted by the Board of Education and the Assessed Valuation which were determined by the Local Assessor.
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 $4.5409 $4.5107 $4.4998 $4.4936 $4.3989 $4.4072 $4.3180 $4.5952 $4.6938 $4.7975 $4.7781 $4.7880 $4.7633 $4.7543 $4.6936 $4.7157 $4.7182 $4.6999 $4.7975 $4.8463 $4.6066 $4.7411 $4.4875 $4.5884 $4.5582 $4.5943 $3.9383 $3.8702 -3-
2015 Champaign & Ford County K‐12 Tax Rates (Ranked from highest to lowest) School District
2015 Total Tax Rate
Rantoul City Schools #137 (K‐8) 4.8070 | Rantoul TWP HSD #193 (9‐12) 2.9430 Ludlow CCSD #142 (K‐8) 3.6867 | Rantoul TWP HSD #193 (9‐12) 2.9430 Gibson City Melvin‐Sibley CUSD #5 (K‐12) Prairieview‐Ogden CCSD #197 (K‐8) 3.0551 | Rantoul TWP HSD #193 (9‐12) 2.9430 Urbana SD #116 (K‐12) Thomasboro CCSD #130 (K‐8) 3.0063 | Rantoul TWP HSD #193 (9‐12) 2.9430 Paxton‐Buckley‐Loda CUSD #10 (K‐12) Gifford CCSD #188 (K‐8) 2.6116 | Rantoul TWP HSD #193 (9‐12) 2.9430 Heritage CUSD #8 (K‐12) Fisher CUSD #1 (K‐12) Prairieview‐Ogden CCSD #197 (K‐8) 3.0551 | SJOHS #305 (9‐12) 2.0107 St. Joseph CCSD #169 (K‐8) 2.6832 | SJOHS #305 (9‐12) 2.0107 Mahomet‐Seymour CUSD #3 (K‐12) Tolono CUSD #7 (K‐12) Champaign CUSD #4 (K‐12) Average=
-4-
7.7500 6.6297 6.4732 5.9981 5.9828 5.9493 5.6619 5.5546 5.4948 5.1092 5.0658 4.6939 4.5409 4.4437 4.4117 5.5840
Tax Levy Calculation Estimated EAV Prior Year EAV Amount Increase % Increase
$321,675,774 $303,181,691 $18,494,083 6.10%
(Champaign County EAV estimate is 5.95%)
2016 Calculating Rate (before tax abatement) 0.0245000000 0.0103305728 0.0050000000 0.0013989241 0.0020000000 0.0005000000 0.0005000000 0.0004000000 0.0023315402 0.0013989241 0.0005000000
Estimated 2016 Extension (before tax abatement ) $7,881,056 $3,323,095 $1,608,379 $450,000 $643,352 $160,838 $160,838 $128,670 $750,000 $450,000 $160,838
Fund Name Education Bond Building IMRF Transportation Working Cash Fire & Safety Spec. Ed. Liability Ins. Social Sec. Tech. & Leas.
Prior Year Extension $7,427,951 $2,206,253 $1,515,908 $359,877 $606,363 $151,591 $151,591 $121,273 $714,902 $359,877 $151,591
Prior Year Calculating Rate 0.024500 0.007277 0.005000 0.001187 0.002000 0.000500 0.000500 0.000400 0.002358 0.001187 0.000500
TOTAL
$13,767,177
0.045409
0.0488599612
Actual 2015 Rate 4.5409
Estimated Pre‐Abatement 2016 Rate 4.8860
Rate Limit 0.024500 ‐ 0.005000 ‐ 0.002000 0.000500 0.000500 0.000400 ‐ ‐ 0.000500
$15,717,066
*Estimated 2016 Tax Abatement $0 ($1,057,502) $0 $0 $0 $0 $0 $0 $0 $0 $0
Estimated 2016 Extension (after tax 2016 Calculating Rate abatement ) (after tax abatement) $7,881,056 0.0245000000 $2,265,593 0.0070430949 $1,608,379 0.0050000000 $450,000 0.0013989241 $643,352 0.0020000000 $160,838 0.0005000000 $160,838 0.0005000000 $128,670 0.0004000000 $750,000 0.0023315402 $450,000 0.0013989241 $160,838 0.0005000000 $14,659,564
0.0455724833 Estimated 2016 Rate 4.5572
* NOTE : The "Estimated Tax Abatement in January 2017" is equal to one‐third of the sales tax distributions received during calendar year 2016 ($746,432) plus the annual payment for the Series 2010 $2 million Alternate Revenue Source Bond ($151,950) and the annual payment for the Series 2016C $2 million Alternate Revenue Source Bond ($159,120).
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RESOLUTION CONCERNING AND EFFECTING TAX LEVY FOR 2016 WHEREAS, Mahomet‐Seymour Community Unit School District No. 3, Champaign County, Illinois ascertained and determined and does hereby ascertain and determine that the sum of $7,881,056 must be raised for educational purposes; the sum of $1,608,379 must be raised for operations and maintenance purposes; the sum of $643,352 be raised for transportation purposes; the sum of $160,838 must be raised for working cash purposes; the sum of $450,000 must be raised for municipal retirement purposes; the sum of $450,000 must be raised for social security purposes; the sum of $160,838 must be raised for fire prevention, safety, energy conservation, handicapped accessibility and school security; the sum of $750,000 must be raised for tort immunity purposes; the sum of $128,670 must be raised for special education purposes; and the sum of $160,838 must be raised for technology lease/purchase purposes. WHEREAS, all provisions of the Truth‐in‐Taxation Act have been complied with in anticipation of the adoption of the tax levy, hereinafter made. NOW, THEREFORE BE IT RESOLVED accordingly that the amounts contained in the first recital above are hereby levied for the purposes set forth in connection with each of said amounts for the year 2016 and certified and returned forthwith to the County Clerks of Champaign and Piatt Counties, Illinois, and that the President and Secretary of this Board shall duly certified said tax levy in the form and manner as prescribed by statute and in substantially the form attached hereto. BE IT FURTHER RESOLVED, that the President of this Board shall execute and file with such Certificate of Tax Levy a certificate that all provisions of the Truth‐in‐Taxation Act have been complied with. APPROVED AND ADOPTED at a regular meeting of the Board of Education of Mahomet‐ Seymour Community Unit School District No. 3, Champaign County, Illinois this 12th of December, 2016.
President, Board of Education
Secretary, Board of Education
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ILLINOIS STATE BOARD OF EDUCATION Original: Amended:
x
School Business Services Division 217/785-8779
CERTIFICATE OF TAX LEVY A copy of this Certificate of Tax Levy shall be filed with the County Clerk of each county in which the school district is located on or before the last Tuesday of December. District Name
District Number
Mahomet-Seymour CUSD #3
County
Champaign/Piatt
09-010-0030-26
Amount of Levy Educational
$
Operations & Maintenance
$
Transportation
$
Working Cash
$
Municipal Retirement
$
Social Security
$
7,881,056 1,608,379 643,352 160,838 450,000 450,000
Fire Prevention & Safety *
$
Tort Immunity
$
Special Education
$
Leasing
$
Other
$
Other
$
Total Levy
$
160,838 750,000 128,670 160,838 0 0 12,393,971
* Includes Fire Prevention, Safety, Energy Conservation, Disabled Accessibility, School Security,
See explanation on reverse side. Note:
and Specified Repair Purposes.
Any district proposing to adopt a levy must comply with the provisions set forth in the Truth in Taxation Law.
We hereby certify that we require: the sum of 7,881,056 the sum of 1,608,379 the sum of 643,352 the sum of 160,838 the sum of 450,000 the sum of 450,000 the sum of 160,838
dollars to be levied as a special tax for educational purposes; and dollars to be levied as a special tax for operations and maintenance purposes; and dollars to be levied as a special tax for transportation purposes; and dollars to be levied as a special tax for a working cash fund; and dollars to be levied as a special tax for municipal retirement purposes; and dollars to be levied as a special tax for social security purposes; and dollars to be levied as a special tax for fire prevention, safety, energy conservation, disabled accessibility, school security and specified repair purposes; and the sum of 750,000 dollars to be levied as a special tax for tort immunity purposes; and the sum of 128,670 dollars to be levied as a special tax for special education purposes; and the sum of 160,838 dollars to be levied as a special tax for leasing of educational facilities or computer technology or both, and temporary relocation expense purposes; and the sum of ; and 0 dollars to be levied as a special tax for the sum of 0 dollars to be levied as a special tax for on the taxable property of our school district for the year .
Signed this
12th
day of December
20
16
. (President)
(Clerk or Secretary of the School Board of Said School District) When any school is authorized to issue bonds, the school board shall file a certified copy of the resolution in the office of the county clerk of each county in which the district is situated to provide for the issuance of the bonds and to levy a tax to pay for them. The county clerk shall extend the tax for bonds and interest as set forth in the certified copy of the resolution, each year during the life of the bond issue. Therefore to avoid a possible duplication of tax levies, the school board should not include a levy for bonds and interest in the district's annual tax levy.
12
Number of bond issues of said school district that have not been paid in full
.
(Detach and Return to School District)
This is to certify that the Certificate of Tax Levy for School District No.
,
County,
,
Illinois, on the equalized assesed value of all taxable property of said school district for the year
.
was filed in the office of the County Clerk of this County on
In addition to an extension of taxes authorized by levies made by the Board of Education (Directors), an additional extension(s) will be made, as authorized by resolution(s) on file in this office, to provide funds to retire bonds and pay interest thereon. The total levy, as provided in the original resolution(s), for said purposes for the year
, is
(Signature of County Clerk)
(Date)
(County)
ISBE Form 50-02 (06/2013) ctl2013.xls
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$
.
