Professional Development Credit – Successful completion of the Micro-Credential will provide 9 hours of professional development credit for Illinois learners.
Tax Levy Process – Practitioner (superintendent, assistant superintendent, business manager and support staff assigned to the Levy) will engage in the entire Tax Levy Process in collegial and collaborative processes. The individual who receives the Tax Levy Process micro-credential will understand and develop a plan of action; and create a levy which includes the analysis, practical application, Board of Education presentation, and the required tax extension paperwork.
Overview – School district tax levy are the dollars a district requests from property owners within their boundaries to fund their budget. The tax levy is created by determining the revenues need to fund the operations of the district minus all other sources of revenue such as state aid, fees, etc.
When preparing the Levy, the practitioner utilizes data from previous tax extensions, current required data to support the Levy and will be able to synthesize the data in the state and local guidelines and be able to prepare documentation required to file a levy with the county clerk. The practitioner must be able to understand and communicate all terminology, related rules and regulations associated with the Levy. The Levy process has some differentiated rules depending on the county in which the district is located. The practitioner will be familiar with the variables that could change and understand how to alter the variables that could be different.
School budgets are driven by the revenue sources available. In most cases, property taxes are the largest percentage of a school districts revenue. One must be able to show a responsible and sustainable budget that supports the request for the levy revenue being requested. While there are many different rules that change for different counties, the core elements remain the same. Those core elements of the levy must be thoroughly understood by a person who receives the micro credential in the levy. Some differentiated elements include, but are not limited to:
1. Rates of individual funds that determine the levy, their restrictions and limits
2. The legal requirements that must be met including a hearing when required.
3. Supported paperwork and filing timeline required to submit a levy for each fund
4. How one determines and calculates the proposed Levy to be presented to a governing board for approval
The skills are all supported by the International School Business Management Professional Standards which also are guidelines for the Illinois Association for School Business Officials.
Essential Outcomes – The Illinois Association of School Business Officials (IASBO) has identified three key essential outcomes of a master tax levy practitioner:
1. Analyze the variables necessary to complete a tax levy with a full understanding of all technical and applicable vocabulary.
2. Prepare required levy calculations, written documents, forms, communications, and presentation materials.
3. Present the entire levy information verbally to a governing board and include all required documents for final filing to the tax collection agency approved by the governing board.
Part 1. Please address the following areas below and the “Tax Levy Vocabulary” in a Board of Governance Memo and a Power Point presentation.
a. What is the difference in a Capped and Uncapped Levy?
b. What is Equalized Assessed Value (EAV)
c. What is “New Property EAV” and how is it used in a levy? Explain the different events that add new or reduced EAV to a Levy.
d. What are the different funds used in a Levy and their purpose?
e. What is a maximum rate for a fund and how does that affect a levy?
f. What strategies can one use if a proposed levy goes over a maximum rate in a fund?
g. What is a tax appeal and how does it affect the Levy?
h. What is a tax objection and how does it affect the Levy and what can a school district do when they are notified of a tax objection to their levy?
i. What can one do if there is a property tax appeal in their levied EAV? Explain the different due dates and map out in a calendar the tasked required for each date and the parameters used for each event.
j. Explain which funds one must monitor with fund balance when preparing a levy.
k. What are the variables of a TIF and how it affects a Levy?
l. What forms are required to be filed with the county clerk where your district resides?
m. What is the Truth-in-Taxation Act and what does it require?
Part 2. Skill Demonstration Product
A video (10-20 minutes) of the participant presenting the levy to the Board of Education. If you do not present to a Governing board or the video is no longer than 10 minutes, please submit a video as if you were presenting to a Governing board in detail. The video should allow the assessor to see both you and the individual you are presenting to so that both verbal and non-verbal language are audible/visible. Include explanations for the historical data, current request and how the calculations were made as well as supporting data on why the Levy needs to be increased. You must address the 8 points in the video assessment and Log the time and explain how it is addressed in the assessment sheet.
Part 3. Self-Analysis of the Skill Demonstration Product
A written analysis of your video artifact to self-assess the inclusion of the essential outcomes of a Tax Levy Practitioner. Use a scripting technique or narrative summary to demonstrate to the assessor how you have shown evidence of ALL essential outcomes. You may download the Self-Analysis template from the course platform.
Part 4. Reflection & Application
Reflection (500 word minimum)
Submit in writing a summary of your experience of the levy process to highlight and provide specific examples of how you specifically applied the three components of the levy process. This could include topics covered and how you analyzed the gathered data and worked collaboratively to develop a proposed levy that will be presented to your governing board.
Develop a plan for the meaningful application or dissemination for each of the essential outcomes that allows for the ongoing utilization of the knowledge or skills in a real financial projection. How will/can you utilize your products of the “Governing Board Tax Levy Memo” along with the “Power Point Presentation on the Tax Levy”?