Over the years, the Board of Education has approved pre-levying debt during the annual aid/levy (budget) process.  Simply stated, pre-levy property taxes will be used to pay off outstanding general obligation debt earlier than the original 703 debt schedule.

Recent District history of pre-levying:

• Fiscal Year 2022-2023 Amount $560,000 callable 5/1/2024, original maturity 5/1/2033 of $350,000 and $210,000, original 5/1/2034

• Fiscal Year 2019-2020 Amount $260,000 callable 5/1/2024, original maturity 5/1/2034

• Fiscal Year 2018-2019 Amount $170,000 callable 5/1/2024, original maturity 5/1/2034

• Fiscal Year 2017-2018 Amount $110,000 callable 5/1/2024, original maturity 5/1/2034

The cost savings (interest) to the District by pre-levying the issues above: $346,125.