Friday, July 5, 2013

Lake Forest Board Approves New Tax Rates



The Lake Forest Board of Education met for its annual organizational meeting on Wednesday, July 3, 2013 in the Lake Forest Central Business Office.   Chris Baker was elected to serve as President of the Board for the coming fiscal year with Danny Aguilar as Vice President.

Following a presentation by Business Manager Christine daCosta, the board approved the school tax rates for fiscal year 2014.

Due to a successful current expense referendum in December, Lake Forest School District will increase its current expense rate by 12.87 cents.   Because the district has experienced a significant increase in intense and complex special needs students, tuition tax was increased 3.02 cents.   The match tax for minor capital improvements, extra time, reading & math resource teachers and the technology is increasing by a fraction of a penny (0.05 cents).  The debt service rate will remain at 14.5 cents.

The total tax rate will increase by 15.94 cents from $1.1569 to $1.3163 per $100 of real property beginning July 1, 2013. 

For more information:
Dan Curry, Superintendent   284-3020 x 104
Christine daCosta, Business Manager   284-3020 x 105