Kubitz said the five-year projection of the district's revenue and expenditures is based on previous years' audited financial reports, the 2012 budget, tax levy, extensions and maximum tax rates, equalized assessed valuation, enrollment, staffing ratios, compensation and benefits and district assumptions.
According to Kubitz, the projection indicates a flat equalized assessed valuation as well as flat general state aid over the next three years. He also noted the revenue from the federal level is starting to mimic what's being seen in the state of Illinois.
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