Public hearing on 2018 tax levy set for November 12

Public hearing on 2018 tax levy set for November 12

The D64 Boatd of Education at its October 22, 2018 meeting adopted a tentative estimated property tax levy of $68.15 million for 2018, which is a 4.64% increase over the prior year.

Because the actual amount of new construction is not yet known, the percentage increase for the levy is deliberately set high enough to make sure the District can receive the full benefit from new construction.

No matter how large the levy request is for 2018, however, District 64 will only receive a 2.1% increase plus the taxes associated with new construction, as allowed under the tax cap (Property Tax Extension Limitation Law).

Although not required, the Board will conduct a public hearing at 8:00 p.m. on Monday, November 12, 2018 during the regular Board meeting at Washington School, 1500 Stewart, Park Ridge.

The Board is scheduled to adopt the final levy at the regular meeting on December 10, 2018.