What will Bethalto use CSFT revenue for?

• At least 50% of CSFT revenue will be used to reduce property taxes for constituents.  This amounts to an estimated decrease of 37 cents, which corresponds to a tax cut of $123 per $100,000 of property value or a potential savings of:
  • $123 per year for a $100,000 home
  • $184 per year for a $150,000 home
  • $245 per year for a $200,000 home
  • $307 per year for a $250,000 home

• CSFT revenue will help AVOID the need to sell bonds or take out loans that would cause the district to incur additional debt and interest costs

• CSFT revenue will used for the following district expenses:
  • Fund ongoing yearly expenses such as parking lots, sidewalks, roofs, electrical and plumbing systems, and other repairs at our schools
  • Update and increase safety features, such as updated video camera systems, secured entrances, enhanced lighting, and improved disabled access at our schools
  • Replace existing HVAC units at schools which are reaching end of life and are costly to repair and maintain
  • Update food service preparation and storage ability at our school cafeterias
  • Maintain and update facilities on a schedule, as opposed to waiting until things fall apart
  • Peruse energy efficiency measures at schools for additional long-term savings
• CSFT revenue will be used to increase fund balance reserves for larger building projects in the future, helping to eliminate the need to raise property taxes
• CSFT revenue WILL NOT AND CAN NEVER be used for increased salaries for administration, faculty, and staff

 

Click HERE to view the full resolution passed by the Bethalto Board of Education stating how the district will use sales tax revenue!!!!!