Voters in Mt. Prospect - based River Trails Elementary District 26 approved a 50 -
cent increase in the education fund rate, to $ 2.60 per $ 100, while their counterparts in Huntley Consolidated School District 158 agreed the district should sell $ 18 million in bonds to fund the construction of two new schools.
The appropriation for the Standards of Quality for Public
Education (SOQ) includes amounts estimated at $ 348,900,000 the first year and $ 361,100,000 the second year from the amounts transferred to the general
fund from the Public Education Standards of Quality / Local Real Estate Property Tax Relief Fund pursuant to Part 3 of this act which are derived from the 0.375 cent increase in the state sales and use tax levied pursuant to § 58.1 - 638, Code of Virgi
fund from the Public
Education Standards of Quality / Local Real Estate Property Tax Relief
Fund pursuant to Part 3 of this act which are derived from the 0.375 cent increase in the state sales and use tax levied pursuant to § 58.1 - 638, Code of Virgi
Fund pursuant to Part 3 of this act which are derived from the 0.375
cent increase in the state sales and use tax levied pursuant to § 58.1 - 638, Code of Virginia.
Faced with a massive shortfall
in revenue because of the recession, then - Democratic Gov. Bev Perdue asked Republican leaders to extend part of a temporary 1 -
cent sales tax
increase to maintain
education funding.