The Lake Forest School District Board of Education on July 3 approved the district’s school tax rates for Fiscal Year 2014, raising the total tax rate from $1.1569 cents per $100 of real property to $1.3163.
The Lake Forest School District Board of Education on July 3 approved the district’s school tax rates for Fiscal Year 2014.
Due to a successful current expense referendum in December, the Lake Forest School District will increase its current expense rate by 12.87 cents. Because the district has experienced a significant increase in intense and complex special needs students, tuition tax was increased 3.02 cents. The match tax for minor capital improvements, extra time, reading and math resource teachers and the technology match is increasing by 0.05 cents. The debt service rate will remain at 14.5 cents.
The total tax rate was increased by 15.94 cents from $1.1569 to $1.3163 per $100 of real property beginning July 1, 2013 The Lake Forest Board of Education met for its annual organizational meeting on Wednesday, July 3, 2013 in the Lake Forest Central Business Office.
Board members also elected Chris Baker to serve as board president for the coming fiscal year, with Danny Aguilar being elected vice president.