North Clay School Board for October
Published on October 12 2012 2:52 pm
Last Updated on October 12 2012 2:52 pm
Written by Greg Sapp
North Clay school board members Thursday discussed the ramifications if the Village of Louisville establishes a Tax Increment Financing District.
A TIF District captures the increase in tax dollars generated in the district to be used on projects in the district.
Those dollars, though, don't go to the taxing bodies that would normally receive them, although TIF proponents say the increases wouldn't occur without the TIF being in place.
The Louisville TIF Joint Review Board met today in Louisville. A North Clay district representative attended to gather information and will communicate with legal counsel for a public hearing set for November 8.
The Board took no action on the issue, but concerns were raised on the potential negative impact a TIF would have on the school district in coming years, and on those outside the TIF district and the tax rate.
Also Thursday, the North Clay Board approved the fiscal year audit, and approved the school district report cards and agreed to put the information on the school district website.
In personnel moves, the North Clay Board hired Angela Davis as a substitute custodian, heard about the Bright Star Award the district received for good performance with fewer dollars, and reviewed the ISAT and ACT composite scores for grade schoolers and high schoolers.