NOTICE OF PROPOSED PROPERTY TAX INCREASE
FOR PANA COMMUNITY UNIT SCHOOL DISTRICT NO. 8
A public hearing to approve a proposed property tax levy increase for Pana Community Unit School District No. 8 for Fiscal Year 2026 will be held on December 16, 2024 at 6:15 p.m. at the Unit Office Board Room, 14 East Main Street, Pana, Illinois.
Any person desiring to appear at the public hearing and present testimony to the taxing district may contact Dr. David Lett, Superintendent, Pana CUSD No. 8, 14 East Main Street, Pana, Illinois 62557, phone number 217-562-1500.
The corporate and special purpose property taxes extended or abated for fiscal year 2024-2025 were $6,552,961.71.
The proposed corporate and special purpose property taxes to be levied for fiscal year 2024 are $7,411,510.00 represents a 12.11% increase over the previous year.
The property taxes extended for debt service and public building commission leases for fiscal year 2023-2024 were $859,812.73.
The estimated property taxes to be levied for debt service and public building commission leases for fiscal year 2025-2026 are $881,013. This represents a 2.47% increase from the previous year.
The total property taxes extended or abated for fiscal year 2024-2025 were $7,412,774.44.
The estimated total property taxes to be levied for fiscal year 2025-2026 are $8,292,523. This represents a 11.87% increase from the previous year.