As the state of Illinois continues to cut back funding school districts across the state, the Bethalto School District is exploring all options to operate as normal. With projected monies in the Ed Fund projected to dip as low as $552-thousand by June 2014, administrators had to take action. Earlier this week, school board members voted to approve the sale of $3.1-million worth of Funding Bonds to cover district expenditures through the next fiscal year.
Bethalto School District Superintendent Charles Stegall says it's unclear how that decision will impact the districts' tax levy which was also passed during Monday's meeting.
The district's levy will increase by less than 5% next year so a Truth in Taxation Hearing was not required before it was passed.