The Monticello Board of Education this week will hear its Fiscal Year 2026 budget.

On the WHOW Morning Show, Monday, Superintendent Adam Clapp told Regional Radio the District has been told, Corporate Personal Property Replacement Tax dollars, or CPPRT dollars, will be increasing this year.

Clapp reminds that CPPRT dollars ebb and flow with the State of Illinois economy. Because of that, they cannot overspend when the years are abundant to be prepared for the sparse years.

According to Clapp, CPPRT revenues, combined with the one-cent sales tax, have allowed the district to abate taxes several times in the last ten years. Monticello is regularly recognized as an area of central Illinois with a very low tax rate.

Clapp points out that CPPRT dollars make up roughly 50 percent of the district's revenue on a year-to-year basis.