RICHMOND – District 157’s school board is set to lower its property taxes – at least for the coming year.

The board, which oversees the one-school district, discussed an $800,000 abatement on its bond and interest levy Wednesday. The district would use its reserves to make its debt payments, said board member Joe Busch, who sits on the finance committee.

While the proposed levy takes the full increase allowed under the tax cap, the abatement would offset that increase and even lower property taxes, Superintendent Dan Oest said.