McHenry County College Board of Trustees on Thursday evening unanimously approved a proposed property Tax Levy for next year of $28,234,827 which represents 9.9% over the operating and special purpose property taxes extended for 2009 of $25,691,380.
This proposed levy is estimated to provide levied taxes for 2010 of $28,234,827. This is a 9.9% increase over the previous year. The figures are estimated and could be changed once the final assessment figures are determined and the final figures are known to determine the taxes to be raised.
A public hearing on the proposed 2010 Tax Levy is scheduled to take place December 16 at 7 p.m. in Room A217 on the McHenry County College campus, 8900 U.S. Highway 14, Crystal Lake.
In other matters handled by the Board of Trustees the Board approved an Associate of Applied Science Degree in Culinary Management. This is the first step toward a new Culinary Management Degree which continues to deepen a partnership between Woodstock School District 200 and the College. The College is able to use the District's kitchen to teach the Culinary Management Certificate programs.
In other business, the appointment of a Financial Institution for the College's banking services was awarded to Crystal Lake Bank and Trust following a thorough investigative process conducted by interim Chief Financial Officer-Treasurer. A number of changes are being made for handling the College's day to day cash receipts and depositing that will both streamline the process as well as offer better security.
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