School Boards are responsible for making the decisions regarding how sales tax dollars will be spent on facility needs in each district.
Many school districts in Peoria County are facing serious facility needs. Safety and security improvements to buildings designed in a different era require expensive updating to support learning into the future. Sales tax revenues can address facility needs over time while using competitive local contractors. The county sales tax for schools addresses facility funding in a manner that shifts away from property taxes.
$100.00 of grocery food = no increase
$50.00 of gas = 25 cents
$15,000 car/truck = no increase
$7.00 of fast food = 3.5 cents
$450.00 TV = $2.25
$40.00 of medicine = no increase
$70.00 pair of shoes = 35 cents
If the County School Facility Sales Tax passes, the county revenues for schools are projected to generate approximately $644 annually per student living in Peoria County. It is estimated to be nearly nine-million dollars total across the county. For example, that would mean $64,400 each year for every 100 students enrolled with a Peoria County residence.
This dedicated revenue source will keep schools and classrooms maintained for safety, security, and sustainability.
Many projects funded by the sales tax will put local people to work and support local businesses throughout Peoria County.
Every school district will control how it uses this tax revenue through the elected school board members who represent each school community.
A sales tax represents a shift away from property taxes. School districts will be able to become less reliant on property taxes with options to pay off existing bonds or avoid new property taxes.
Visitors to Peoria County will support schools with their spending. A portion of sales tax revenue is generated from non-residents of Peoria County.
Schools will more attractive to families through quality school facilities. Attracting new families and retaining our current residents help to ensure a positive future across Peoria County.
| Proposition for a .5% Sales Tax for School Facility Purposes|
|“Shall a retailer’s occupation tax and service occupation tax (commonly referred to as a “Sales Tax”) be imposed in the Peoria County at a rate of .5% to be used exclusively for school facility purposes?”|