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D-200 defuses debt bomb: School district to draw on fund balance to avoid spike in tax rate

D-200’s debt levy was expected to jump in levy years 2023 and 2024. (PMA Securities chart)

Using money from its “savings account” will allow Woodstock School District 200 to avoid a tax rate explosion in two coming years. The District 200 Board of Education last week adopted a tax levy resolution that, thanks to increasingly higher property values in the Woodstock area, will lower the district’s tax rate for the eighth […]

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