Urbana School District

 

Superintendent’s report to the BOE regarding Carle tax exemption

Posted on by Urbana School District

Superintendent’s Report to the BOE
April 16, 2013

In Sunday’s (April 14, 2013) News-Gazette, Tom Kacich wrote about the Carle tax exemption:  http://www.news-gazette.com/news/local/2013-04-14/6-million-setback.html

“A property tax exemption given to the Carle Foundation will cost more than two dozen taxing districts in Champaign County nearly $6 million in lost revenue this year. Hardest hit will be the Urbana school district, which will lose more than $3 million. That amounts to about 5 percent of the district’s approximately $60 million budget.”

Although this statement is accurate, there are a number of additional facts that help explain the rest of the story and how the tax exemption has and will continue to impact students in our schools.

Mayor Prussing is exactly right when she stated that this boils down to the people (tax payers) of Urbana supporting the charity care for an entire regional health care corporation. This issue will not be resolved quickly or easily. This issue has already had a negative impact on the educational funding in this community. It is unlikely we will ever be able to recoup the $8M in general state aide.; however, we will not allow this situation to interfere with our commitment to educational excellence and providing outstanding schools for our students and our community. Our hope is that the negative impact will not continue indefinitely and that our community members will continue to support USD116, its mission, and its students.


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Urbana School District 116
205 N. Race Street - P.O. Box 3039
Urbana, Illinois 61803-3039 U.S.A.
217-384-3600 (voice)
217-337-4973 (fax)