PHILADELPHIA — The Indian River Board of Education held a special meeting Wednesday evening in the district office complex to accept Phase Two bid recommendations for its $41 million capital
PHILADELPHIA — US Light Energy provided a presentation to the Indian River Board of Education recently regarding a proposed PILOT, payment-in-lieu-of-taxes agreement, for a community solar facility it is building
PHILADELPHIA â US Light Energy provided a presentation to the Indian River Board of Education recently regarding a proposed PILOT, payment-in-lieu-of-taxes agreement, for a community solar facility it is building for the benefit of the Tri-County Energy Cooperative.
On Thursday night, during its regularly scheduled meeting, the board discussed the proposal and questions it would like answered before a decision is made.
In 2017, US Light Energy was selected to construct eight megawatts of solar generating capacity for the benefit of the Tri-County Energy Cooperative and its 29 school district and municipal members. A megawatt is a unit of electrical power equal to one million watts.
PHILADELPHIA â The Indian River Board of Education at Thursday nightâs board meeting approved a 2.6% increase to the tax levy limit of the last year. The move was part of ongoing discussions regarding the districtâs 2021-22 budget.
Tax levies are the total amounts of property taxes school districts must collect to balance their budgets after accounting for all other revenue sources â including state aid. The tax levy is the basis for determining the tax rate for each of the cities, towns or villages that make up a school district.
According to the districtâs business manager, Audrey Stevenson, the stateâs tax cap limits the growth in the property tax levy to 2% or the rate of inflation, whichever is less, with some exceptions. Any proposed tax levy over the maximum allowable tax levy requires a majority approval of 60% to pass.