Thank you for passing the County School Facilities Sales Tax. The passage of this initiative will help us provide the best possible facilities for the current and future students of the IVC School District.
The 1/2 percent sales tax will go into effect on July 1, 2017 in Peoria County.
The revenue generated by the sales tax will be distributed by the Peoria County Regional Office of Education beginning in approximately October 2017. The revenue of the sales tax will be distributed each month thereafter.
Following the first full year of implementation, the IVC School Board will have an accurate amount of funds that will be received on an annual basis in the district. This information will provide the Board with an appropriate amount and method for property tax abatement that can be shared with the IVC District Property owners to be implemented with our December 2018 tax levy to be realized by our property tax owners in 2019.
Again, thank you for your support of the school districts in Peoria County!