Warsaw School Board Approves Tax Levy
Warsaw, IL – The Warsaw School District's property tax levy for next year will remain steady, compared to the current year. Superintendent Kim Schilson says the total levy for the 2006-2007 school year will be about $915,000. A property tax levy is the maximum amount a district can bring in from property taxes. Schilson says next year's levy is about the same as the current levy, if not just slightly higher. She says the school board considered increasing the amount levied for its tort immunity fund, but chose not to because of the potential impact on taxes. Schilson says the district currently uses the money collected in its tort immunity fund to pay for insurance premiums. She says increasing that fund could free up some money within the education fund. Schilson says the projected property tax rate is about $3.74.