Breaking News Bar
updated: 11/19/2013 6:00 PM

Glenbard District 87 seeking tax levy increase

hello
Success - Article sent! close
 
 

Glenbard High School District 87 officials are seeking a 3.8 percent, or about $4.2 million, property tax levy increase, but expect the actual increase to be much closer to the consumer price index of 1.7 percent.

The board on Monday voted unanimously to move forward with the proposed levy.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

By law, tax levy requests are limited each year to the sum of the consumer price index and the percentage of new construction growth within the district.

School districts routinely request increases larger than the Consumer Price Index to make sure they capture any potential property growth. Traditionally, new construction contributes about 1 percent to the district treasury every year. If the district's levy request is lower than what the county calculates, the district may collect only the amount requested.

"That (3.8 percent) is the submission, but we know most likely the levy increase will be 2.1 percent," said Chris McClain, the district's assistant superintendent for business services. "As everybody knows people can levy whatever they want but at the end of the day the county determines based on tax cap law. We're only going to receive what we receive."

At the desired 3.8 percent increase, the district's 2013 projected levy would be $115.8 million. Based on the calculation of 1.7 percent CPI from calendar year 2012 and estimated new construction amount of $20 million, the district projects a property tax levy increase of 2.1 percent, or close to $2.4 million, bringing the total levy to nearly $113.9 million.

The owner of a median value $265,000 home would see the District 87 portion of the tax bill increase by about $35 if the district is limited to the 1.7 percent increase.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here