Arlington Heights District 25 proposes 4.9 percent levy increase

Arlington Heights Elementary District 25 has proposed a 4.9 percent tax levy increase for 2017.

Officials say the number was estimated to account for a 2.1 percent increase in the consumer price index, 2 percent for new property growth, and 0.8 percent to capture new growth from the expected expiration of Arlington Heights' third tax increment financing district on the southwest corner of Arlington Heights and Rand roads. Properties within the TIF district coming back onto the tax rolls represent $3.5 million, or 0.19 percent, in new property, but officials say they need to levy more than they think they may get to be sure to access all new growth.

A public hearing on the levy and final vote by the school board is scheduled for Nov. 16.