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* The questions will appear in the following order and using the exact language as seen below
Operations and Maintenance Fund
Shall the maximum annual tax rate for operations and maintenance purposes of Olympia Community Unit School District No. 16, McLean, Tazewell, Logan, DeWitt, and Woodford Counties, Illinois, be increased and established at .75 percent upon all the taxable property of said School District at the value, as equalized or assessed by the Department of Revenue, instead of .50 percent, the present maximum rate otherwise applicable to the next taxes to be extended for said purpose?
Education Fund
Shall the maximum annual tax rate for educational purposes of Olympia Community Unit School District No. 16, McLean, Tazewell, Logan, DeWitt, and Woodford Counties, Illinois, be increased and established at 3.40 percent upon all the taxable property of said School District at the value, as equalized or assessed by the Department of Revenue, instead of 2.90 percent, the present maximum rate otherwise applicable to the next taxes to be extended for said purpose?
** Definitions for these terms are as follows:
EAV (Equalized Assessed Value) - This is the value of all of the property in the Olympia School District.
Tort - This is the fund that is used to mitigate the risk within the school district.
IMRF (Illinois Municipal Retirement Fund) - This money is used to pay for required benefit contributions by the district on behalf of staff members.