Thursday, December 4, 2008 8:53 PM CST
Lake Land seeks 19 percent tax levy increase
By HERB MEEKER, Staff Writer hmeeker@jg-tc.com
MATTOON — The proposed 2008 Lake Land College property tax levy is a 19 percent overall increase.
But the hike still means many homeowners will pay less than $20 more in property taxes next year from that increase to the community college district, a college official said.
A public hearing is scheduled for 6 p.m. Monday in Webb Hall on the tax levy that applies to payment in 2009 in several East Central Illinois counties in the college district. Lake Land seeks $11,278,413 next year in property taxes, which is a 19.43 percent increase from the $9,443,269 extended or abated in the 2007 tax levy.
“If you do the calculations for a home valued at $100,000, then the tax bill for Lake Land amounts to $18 more next year,” Vice President of Business Services Ray Rieck said Thursday.
With the increase, he said, the average tax bill for farmland valued at $75,000 would go up less than $1 on a farmland owner’s property tax bill for the college district.
Rieck said the extra tax money will go to major heating, ventilation and air conditioning system changes and additional educational service needs.
Rieck explained the college is facing a “black hole” situation with its aging climate control systems. Some of these HVAC systems were first installed more than 30 years ago, he said.
“The useful life for some of them was only 25 years. We’re losing on energy costs each year. And putting more money in maintenance is like putting it into a black hole,” Rieck said.
The college also faces problems with systems that require asbestos containment.
“If we have a pipe failure with the asbestos we could be forced to shut down a building,” Rieck said.
The $1,046,000 investment in new renewable and safer systems could generate a sizable savings on energy costs for the college.
“We are hoping for energy savings of 50 percent with these changes. It is hard to put it in dollar figures but that could mean savings of $250,000 per year,” he said.
Rieck said the expected electric rate increase next year is factored into that savings target.
The college is also seeking $360,000 to maintain education fund needs, including increased costs for computers, as well as payroll and health insurance.
“And we’re anticipating less money from the state next year,” Rieck said. “The state funding is a factor in this levy.”
The college is facing a $276,600 loss via the 2.5 percent payback that state officials last week asked Lake Land to put on hold.
Rieck said the college district is in a cycle of levy increases after two consecutive years of levy decreases.
Anyone wanting to comment or ask questions on the proposed tax levy is encouraged to attend the public hearing, which precedes the Lake Land Board of Trustees meeting Monday night in Room 081 of Webb Hall.
Call Reick at 234-5223 to arrange for testimony or share written comments on the tax levy.
Contact Herb Meeker at hmeeker@jg-tc.com or 238-6869.
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BW wrote on Dec 5, 2008 5:59 AM: