D-432 to hold meeting on tax referendum
SOMONAUK – Somonauk School District 432 is once again placing its fiscal future in the hands of voters.
School board President Tom Nielsen said a referendum to allow the board to raise the education fund tax rate up to 4 percent will be on the April 9 ballot. Nielsen emphasized that this didn’t mean the tax would go up; the board would just have the permission to increase it if necessary.
If the referendum is passed, District 432 could avoid making more than $800,000 in program cuts and layoffs this year. The district has been struggling with keeping its finances afloat as property values in the area drop.
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