How can these funds lead to reduced property taxes?

Posted by:
The resources provided by the county sales tax for schools will pay for school facility maintenance and improvements that would otherwise be funded by property taxes. Peoria County school districts with outstanding building bonds would be able to apply new revenue to retire, or pay off, the existing building and life safety bonds thus lowering the property tax. New revenues would allow a district to be less dependent on new bonding and/or levying property taxes to pay for costly facility projects.