When I became the Business Manager in 2006 Coal City Unit District 1 had a tax rate of $4.44.  In that same year, the District passed a referendum to build a new Early Childhood Center and planned to expand Coal City High School while dropping the tax rate by $1.75 to $2.69.  Since then our tax rate has grown by design as outlined in our agreements with (at first) Exelon and now Constellation regarding the value of Dresden Nuclear Station.  Between 2019 and 2021 our tax rate was steady at $3.26, and with the last agreement in 2022, it has been steady at just under $3.40.  Coal City Schools has one of the lowest tax rates in the State and that is largely due to the agreement with Constellation that sets a trigger rate based on the value of the station.  This year's Levy (2024), similar to the previous three, is set at $37M in order to capture the potential industrial tax dollars from the GE Hitachi Facility that stores spent nuclear fuel assemblies (and has since the 1980s...).  The District believes the value of this facility is $200M, and is Levying accordingly.  In the event that the Board of Review does not agree with our appraisal, the guardrails of the trigger rate and our tax rate maximums will kick in and we anticipate that only $32M will be extended and the rate will be once again under $3.40.  Should the Board of Review affirm our value, the tax rate would drop about $0.07 to around $3.30, and the District would collect approximately $6M dollars in additional industrial tax revenue that the Board will use for capital projects and facility maintenance.