For tax years 2018 and 2019 County School Facility Sales Tax (CSFT) revenue may be used to reduce property tax for constituents. The decrease of 32 cents per $100,000 for the 2018 year and 11 cents per $100,000 for the 2019 year could equate to a savings for property owners as follows:
$73 over two years for a $50,000 home
$146 over two years for a $100,000 home
$219 over two years for a $150,000 home
$292 over two years for a $200,000 home
$365 over two years for a $250,000 home
CSFT revenue will be used for the following district expenses:
Yearly budgeted expenses such as parking lots, sidewalks, roofs, and other necessary major repairs.
Upgrades to HVAC equipment throughout the district
Additional parking and traffic flow at elementary buildings
Technology Infrastructure including servers, data network, expanded wireless capabilities, increased redundancy / failover, and classroom enhancements for increased device support.
Energy Efficiency measures.
Improvements to existing facilities as needed.
CSFT revenue could help Granite City avoid the need to sell bonds or take out loans that would cause the school district to incur additional debt and interest costs. Additional debt and interest cost causes property taxes to rise.
If the CSFT had been approved in 2011, the Granite City School District could have reduced property tax bills $444 over 5 years per $100,000 of property value by using CSFT revenue instead of selling bonds, which could have resulted in the following savings.
CSFT revenue will be used for the following district expenses:
One Cent Makes Sense 