The Hannibal school board Wednesday night voted to raise its tax rate for the next year.

Citing an increase in the cost of operating the school district, the board voted for a 15-cent increase in Hannibal residents’ property taxes.

According to Superintendent Susan Johnson, the extra money is needed for capital improvements, most notably the coming replacement of decades old boilers in district buildings.

The 15 cent increase means those with property valued at $100,000 will see an average increase of about $45.