STEVENS AMENDMENT
(Projects or programs funded in whole or in part with federal grant money must credit the federal government for the federal government's portion of the financial support).
This web page citation informs the public that the use of federal dollars in the Minooka Community High School District 111 meets the Stevens Amendment requirement. Various instructional material purchases, tutoring programs, staff professional development opportunities, district personnel, software licenses and online subscriptions, summer learning programs, homeless student outreach, and parental engagement events have been funded in whole or in part with Federal entitlement dollars.
CORPORATE PERSONAL PROPERTY REPLACEMENT TAX
Taxing bodies in Illinois receive tax funds from the state known as Corporate Personal Property Replacement Tax (CPPRT). This tax revenue was created after the 1970 constitutional convention abolished local municipalities ability to tax corporate personal property. In 2014 and 2015 the Illinois Department of Revenue who is responsible for distributing the CPPRT funds mistakenly overpaid taxing districts by a total of $168 million dollars. As a result, it is likely that the state will reduce future CPPRT payments until the overpayment is recouped. The District has been overpaid $75,442.91 over the past two years. In Fiscal Year 2015 the District collected $643,785.68 and in Fiscal Year 2016 the District's estimated CPPRT funds were $656,228.00 of which the District has received $423,637.02 as of April 21, 2016.