MORGAN COUNTY BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
REGULAR CURRENT EXPENSE LEVY
2026-2027
The following is a true copy from the record of orders entered by MORGAN
COUNTY BOARD OF EDUCATION on the 17th day of March, 2026.
David Banks, Secretary of the Board of Education
Column E
Certificate of Valuation
Assessed Value Levy Taxes
Current Year for Tax Purposes Rate/$100 Levied
Class I
Personal Property — (19.40) $ —
Public Utility — $ —
Total Class I — $ —
Class II
Real Estate $1,031,249,600 (38.80) $4,001,248
Personal Property 3,850,045 14,938
Total Class II $1,035,099,645 $4,016,186
Class III
Real Estate $217,641,360 (77.60) $1,688,897
Personal Property 136,080,412 1,055,984
Public Utility 67,560,421 524,269
Total Class III $421,282,193 $3,269,150
Class IV
Real Estate $31,499,240 (77.60) $244,434
Personal Property 6,394,725 49,623
Public Utility 12,428,937 96,449
Total Class IV $50,322,902 $390,506
TOTAL VALUE &
PROJECTED
REVENUE $1,506,704,740 $7,675,842
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% $383,792
Less Tax Discounts 2.00% $145,841
Less Allowance for Tax Increment Financing
(Subtracted from regular current expense taxes levied only) —
TOTAL PROJECTED PROPERTY TAX COLLECTION $7,146,209
Less Assessor Valuation Fund 2.00% $142,924
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of
Property Taxes for Budget Purposes $7,003,285
MORGAN COUNTY BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES (CONTINUED)
EXCESS LEVY PAGE
2026-2027
The following is a true copy from the record of orders entered by MORGAN
COUNTY BOARD OF EDUCATION on the 17th day of March, 2026.
David Banks, Secretary of the Board of Education
Column E
Certificate of Valuation
Assessed Value Levy Taxes
Current Year for Tax Purposes Rate/$100 Levied
Class I
Personal Property — (16.08) $ —
Public Utility — $ —
Total Class I — $ —
Class II
Real Estate $1,031,249,600 (32.16) $3,316,499
Personal Property 3,850,045 12,382
Total Class II $1,035,099,645 $3,328,881
Class III
Real Estate $217,641,360 (64.32) $1,399,869
Personal Property 136,080,412 875,269
Public Utility 67,560,421 434,549
Total Class III $421,282,193 $2,709,687
Class IV
Real Estate $31,499,240 (64.32) $202,603
Personal Property 6,394,725 41,131
Public Utility 12,428,937 79,943
Total Class IV $50,322,902 $323,677
TOTAL VALUE &
PROJECTED
REVENUE $1,506,704,740 $6,362,245
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% $318,112
Less Tax Discounts 2.00% $120,883
NET AMOUNT TO BE RAISED
BY LEVY FOR BUDGET PURPOSES $5,923,250
3-25-2tm