Friday, Aug 22, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Online enrollment on the rise at JWCC

Billy Schaffer Named JWCC Director of Admissions

JWCC nursing and health science program information session

JWCC receives grant to open Community Technology Center in Mt. Sterling

PracticalNursing.org Ranks JWCC a Top Ten Nursing Program in the State of Illinois

Recent Comments

whiner1 - Ferguson police officer was badly beaten before shooting Michael Brown - Quincy, IL News - QuincyJou
Thank you for a well thought out explanation of the plight of the black man in America.
whiner1 - Ferguson police officer was badly beaten before shooting Michael Brown - Quincy, IL News - QuincyJou
Just one more racist know-it all. So sad.
LNeck2012 - City of Quincy looking to buy new garbage and recycle fleet - Quincy, IL News - QuincyJournal.com
Incorrect. They are to lead based on what their constituents want.
UrKidsWillPay - QND sees slight enrollment dip - Quincy, IL News - QuincyJournal.com
As the parent of QND grads and a QND alum myself and the parent of current QHS students, I can say that the biggest advantage that QND supplies to its graduates is the intangible "cache" attached to a private school education. College admissions and job recruiters look at and react to the private school education differently than they do to a public school education. This is not without good reason…
MountainMan - City of Quincy looking to buy new garbage and recycle fleet - Quincy, IL News - QuincyJournal.com
It seems pretty obvious his point was, business "A" trying to make a living is interfering with the city of Quincy to do a cheaper job so to make things "fair" we will just make it illegal to do business with anyone other than us. Seems kind of tyrannical in a way, which to me goes against the principals of the constitution.

Most Popular

Ferguson police officer was badly beaten before shooting Michael Brown

Liberty woman dies in early morning crash

Adams Co. Divorces for August 16, 2014

Driver in fatal Liberty crash now facing charges Updated

Six Quincy property owners face deadline

QPD no longer looking for missing Quincy man Updated

Brown departing as executive director of The District

Quincy rated as sixth most affordable city in Illinois

JWCC Trustees abate part of 2013 Tax Levy

JWCC Trustees abate part of 2013 Tax Levy

10 months ago by 0

John Wood Community College Trustees authorized the abatement of tax levied for 2013 to pay debt service on General Obligation bonds and announced the intent to levy an equity adjustment for the same tax year.

At Wednesday night's meeting, the JWCC Board approved a resolution to abate the 2013 tax levy associated with the General Obligation Bonds (Alternate Revenue Source), Series 2012.  JWCC has sufficient funds from operations for the annual payment of the principal and interest on these bonds. 

As a result, the counties of Adams, Pike, Hancock, Calhoun, Schuyler, Brown, Morgan, Scott and Cass will not collect approximately $93,000 for payment in 2013.

Trustees adopted a resolution declaring the intent to approve the annual equity adjustment for the 2013 tax year as permitted by state statute. JWCC is one of 15 community colleges in the state eligible by law for the adjustment because the College operates at a tax rate below the statewide average. 

The adjustment is .0393 per $100 equalized assessed valuation (EAV), which would generate an estimated $540,000 for JWCC’s operation fund for the 2015 budget year.  The Board announces its intent for the equity adjustment every October prior to its annual levy. The overall tax levy will be discussed at future meetings.

In other business, the Board:

Accepted and filed the annual audit report for fiscal year 2013 from WIPFLi auditing firm. WIPFli noted that JWCC has complied with government accounting practices and has exercised proper internal controls.

Authorized Dr. John Letts to enter into an agreement with a collective bargaining negotiator for the negotiation period with the JWCC Faculty Association IFT/AFT local #6086 Collective Bargaining Unit.

Approved submission of a reoccurring Illinois Cooperative Work-Study Program Grant in the range of $25,000-$30,000.  The purpose of the grant is to support work study/internship activities with local businesses that align with courses of study offered by JWCC.  The grant pays one half the hourly wage of the internship and the employer pays the other half of the 160, 240 or 320 hour internship.  Previous funding resulted in 23 internships within culinary arts, agriculture and early childhood education.

 


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 3 hours, 2 minutes ago

Ex-IDOT boss blames gov's office for majority of improper hires http://t.co/FAq4wOfZr7
Bob Gough on Twitter

Bob Gough 8 hours, 57 minutes ago

City of Quincy proposing dropping $1 million on new garbage and recycling trucks. http://t.co/P12pnYYSMw
QuincyJournal on Twitter

QuincyJournal 9 hours, 1 minute ago

City of Quincy looking to buy new garbage and recycle fleet - Current fleet breaking down with greater frequency; ... http://t.co/rqqAYdakF3
QuincyJournal on Twitter

QuincyJournal 11 hours, 3 minutes ago

Unemployment slightly rises in Quincy, Adams County http://t.co/PadzLZy3Li