Bethalto CUSD8

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 35 cents, which corresponds to a tax cut of $117 per $100,000 of property value or a potential savings of: 1cms-socialmedia-bethalto
    • $117 per year for a $100,000 home
    • $175 per year for a $150,000 home
    • $233 per year for a $200,000 home
    • $292 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
    • Persue 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, eliminating the need to raise property taxes