Members of the Atlantic School Board, Wednesday night, approved a Resolution of Intent to continue participation in the Instructional Support Levy (ISL) Program. The next step is to hold a Public Hearing and take further action within 30 days of the hearing, to act on the Resolution, which would specify: the method and amount to be used to fund the ISL; And the purposes within the general fund for which the ISL will be used.

If approved following the hearing, the ISL would be in effect for a period of five-years, levied annually as determined by the Board, commencing with the levying of property taxes for collection in the fiscal year beginning July 1st, 2019, and an instructional support income surtax imposed annually for each budget year, the percentage of which will not exceed 20%, to be determined by the Board annually for each budget year, commencing December 31st, 2019 and each year thereafter.

When ISL, when combined with the State Instructional Support Aid, is not allowed to exceed 10% of the regular program district cost, including the budget adjustment for any budget year. Instructional Support Program funds may be used for any General Fund purpose, but is not subject to collective bargaining, and therefore will not be used for employee pay or benefits.

The district received $708,671 from the ISL levy in the 2017 Fiscal Year. The revenues are a combination of income surtax and property taxes.