Whiteside officials begin studies of sales tax
If passed, Sterling could see $1.5 million-plus a year
MORRISON – Sterling Public Schools would get the lion’s share of revenue – more than $1.5 million – from a 1 percent sales tax increase in Whiteside County, data presented at an informational meeting Wednesday shows.
The district could use its share of money to build a new school building, make energy efficiency upgrades or repair parking lots. It also could use the money to abate property taxes levied to pay off existing capital improvement bonds.
Whiteside County school officials considering a 1 percent sales tax increase met Wednesday night at Morrison High School for an informational presentation from Stifel, Nicolaus and Co., a brokerage and investment banking firm with expertise in Illinois K-12 finance.
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