Residents in the Alton School District may see their taxes increase slightly over the coming year, as district officials have proposed the 2013 tax levy. Last year's levy was a little more than 6.5-percent higher than the previous year's due to an increase in bond payments in the upcoming fiscal year, and district officials are hoping to keep the amounts about the same moving forward. The total amount levied for 2012 was $ 32.5-million.
District Director of Financial Services, Chris Norman, says even at the current rate, the district is the third lowest in Madison County, and fourth lowest when you add in the districts in St. Clair County.
Norman says that the district estimates high as a way to insure they do not lose money if the EAV rises by more than 5-percent. If the district did not hold a Truth in Taxation Hearing, they would have been limited to collecting 5-percent of the additional funds should the EAV increase by more than 5-percent.