Wednesday, December 12, 2012
The $75 million request represents more than a 4 percent increase over the current levy
Concerns expressed by several district residents and two board members at Monday night’s Hinsdale Township High School District 86 Board of Education did not convince a majority of the board to stop a tax levy increase. By a 5-2 vote, the board gave final approval to a $75.5 million levy request, which includes $73.1 million for capped funds like education and operations, a 4.5 percent increase over the 2011 tax levy of $69.9 million. Two dozen spectators packed the Black and Gold Room at Hinsdale South High School for the meeting, with the majority appearing to be present for the tax levy discussion. Several addressed the board on the topic during the public comments section at the beginning of the meeting. George Logan said the levy …
Monday, November 26, 2012
The amount the district actually gets permission to collect next spring will likely be significantly lower once the district's total EAV and new construction numbers are known.
The District 86 Board of Education approved a tentative tax levy last week that would aim to raise as much revenue via property taxes as state law allows. The board voted 5-2 to affirm the administration’s recommendation to request a $75.5 million “balloon levy” to be collected from its taxpayers, $73.1 million of which would go toward its capped funds like education and operations, despite the fact that such an increase accounts for $17 million more in new construction than the district expects, business manager Jeff Eagan said. The $73.1 million for capped funds is a 4.5 percent increase over last year’s tax extension. According to state law, the extension of the 2012 levy over the 2011 levy is limited by the 2011 consumer price index…
Thursday, March 15, 2012
The 2011 levy extension is projected to be an increase of 2.6 percent over the 2010 levy.
After several months of discussion, District 181 board members voted Monday night at Elm School to finalize a maximum 2011 tax levy that will likely be 2.6 percent larger than the 2010 levy. In December, the board voted 5-2 in favor of a “balloon levy” which OK'd an intentionally inflated extension of 3.6 percent. Such an inflation is recommended because factors that determine how much a taxing body can levy in the spring, including total equalized assessed valuation (EAV) and new construction, are not known at that time. Some of the air in the balloon will be let out when Whalen receives the district’s actual 2011 EAV and new construction numbers in late March. After those numbers are received, the district has seven days to finalize …
Tuesday, February 28, 2012
The board will decide in March whether or not it wants to maintain the maximum levy it initially approved in December.
The District 181 Board of Education Monday night decided to delay voting on a measure maintaining the maximum, "balloon" levy initially approved in December that could increase the district’s portion of residents’ tax bills by as much as 3.6 percent over last year, but will more likely result in an increase around 2.6 percent. The 2.6 percent rate increase would result in about $1.3 million in new revenue for the district, assistant superintendent for business Dr. Troy Whalen said. The 2011 levy funds will be used for the latter portion of the current 2011-12 school year and the first portion of the 2012-13 school year. The 2011 tax rate—which can be extended over 2010's rate based on consumer price index (CPI), equalized assessed …
Tuesday, December 27, 2011
Also, board sets 2012 tax levy.
Parents sending their children to preschool and extended-day kindergarten in the Pleasantdale school district could be paying higher tuition in the fall - about $1 a day more. At the Dec. 21 school board meeting, Superintendent Mark Fredisdorf presented members with proposed fee increases starting with the 2012-13 school year. “We think this is a prudent thing to do, given the direct costs and the subsidies the district provides continue to go up,” Fredisdorf said. “And this is a modest increase given there has not been an increase for three years.” According to the proposal, students attending the two-day Bright Beginnings Preschool program would pay $1,378 a year for tuition, which is $19.41 per day. Currently the tuition is $1,300 a …
Tuesday, December 13, 2011
The inflated calculation ensures the district's ability to get every possible dollar when the county finalizes the levy in March.
The District 181 Board of Education approved a 2011 tax levy that would increase the district’s revenue by $1.8 million (3.6 percent) over the 2010 levy, an intentionally high "balloon levy" that will likely come down when the district's limiting rate is set by DuPage County this spring, assistant superintendant for business Dr. Troy Whalen said. The board passed the $53.3 million levy by a 5-2 vote at its regular business meeting Monday night at Elm School. Board members Glenn Yaeger and Brendan Heneghan voted against it. According to state law, the extension of the 2011 levy over the 2010 levy is limited by the 2010 consumer price index (CPI) of 1.5 percent, but can exceed that percentage based on the equalized assessed valuation (EAV) …
Thursday, December 1, 2011
The district's financial consultant presented long-term projections based on a max levy versus a flat levy in 2011.
Attendees at the District 181 Board of Education meeting Monday night at Elm School might have gotten a preview of the board's final discussion tax levy to be set in December. Board members were presented four levy scenarios by senior financial advisor Michael Frances of PMA Financial Network, the district's financial consultant, that would lead the district to different long-term fiscal conditions. If the max levy is issued in December, the district’s local revenue would increase by 2.72 percent from Fiscal Year (FY) 2012 to FY 2013, according to Frances' presentation. After all expenses, the district would have a surplus at the end of each fiscal year if max levies were continuously collected until FY 2017, when it would run a $356,098 …
Thursday, November 24, 2011
District seeks 4.95 percent increase, but superintendent says the district will likely not receive that much.
The Community Consolidated District 180 School Board passed a new tax levy of $7,199,699 -- a 4.95 percent increase during their November meeting. However, Superintendent Tom Schneider said it’s unlikely the levy amount will be approved by the county due to the lack of revenue growth in the area. The district is subject to a tax cap of 5 percent or the cost of living, whichever is lower. This year the state-imposed tax cap has been set at 1.5 percent. District staff said the amount they likely receive will be close to the 1.5 percent mark. However, Schneider said the district asks for more than it’s likely to receive in order to take advantage of any sudden construction booms that might increase amount of property tax collected. “We have …
41.72362
-87.926133
Community Consolidated School District 180
15w451 91st St, Burr Ridge, IL
/articles/d180-passes-tax-levy
1408911
/locations/5870889
Wednesday, November 16, 2011
Board will vote on funding plan in December. They also approved the tax levy for 2012-2013.
The Gower School District 62 Board of Education is moving closer to approving an $8.5 million facilities renovation project The board will vote to place a bond referendum on the March ballot at their next meeting, Superintendent Steve Griesbach said Tuesday. “This is a big deal for us,” he said. If voters approve the referendum, Griesbach said they want to invest in the science program at the middle school by upgrading the classroom so students will be able to perform more sophisticated experiments. Griesbach said he also wants to renovate the gym at Gower West and construct a new gymnasium at Gower Middle School. “If we can do this, it will improve the fitness of our students,” he said. Gower Middle School was built in 1982 and has had …
41.74806
-87.95428
Gower School District 62
7700 Clarendon Hills Rd, Willowbrook, IL
/articles/gower-board-could-fund-renovations-through-referendum
306807
/locations/5813176
Tuesday, November 15, 2011
Council moves forward with $1.038 million levy proposal, but says the final levy may not be that much.
The Burr Ridge Village Board of Trustees unanimously agreed to move forward with a 2011 tax levy proposal totaling $1,038,315 – a 5.53 percent increase over 2010 But, before the levy can be approved by the board and sent to the Cook and DuPage county authorities for approval, a public hearing must be held, under the “Truth in Taxation” law. The proposed public hearing is set for Dec. 12 during the regular board meeting. Village staff estimated the Village’s equalized assessed value (EAV) for 2011 will increase by 6 percent to $1,328,619,375. This encompasses a 2 percent increase in existing value and a 4 percent increase in new construction. The 2011 EAV was down from 2010’s level of 9.77. The Village of Burr Ridge, like all non-home-rule …
41.749796
-87.915524
Burr Ridge Village Hall
7660 S County Line Rd, Burr Ridge, IL
/articles/public-hearing-set-for-2011-tax-levy-in-burr-ridge
306676
/locations/5809053
Rick Cazzato
6:35 pm on Wednesday, December 12, 2012
S. McCarthy, as a taxpayer and educator, I agree with you regarding District 86. I moved in the district so my children can attend the schools. The teachers in District 86 have my full support. more ›