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DeKalb board approves additional abatement and fund transfer after debate over EAV figures
Summary
The DeKalb CUSD 428 Board approved abating an additional $3,734,759 of the 2023 tax levy and a resolution to transfer operations and maintenance funds to the bond fund for debt service. A public speaker and one board member pressed staff on differing EAV figures used in district materials.
The DeKalb CUSD 428 Board of Education approved two finance items affecting the district’s 2023 tax levy: an additional abatement of $3,734,759 and a resolution transferring funds from the operations and maintenance (O&M) fund to the bond fund to pay debt service on outstanding bonds.
During public comment, resident Marc Sherbaugh challenged the district’s backup material for the tax abatement, arguing that the December backup used a 9.53% equalized assessed value (EAV) increase while the current paperwork showed a 7.67% average. ‘‘Amir’s information ... has different data,’’ Sherbaugh said, urging…
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