General Information

About Us

CVC Audit Information Download

Contact Us

Display Advertising

Ad Sizes and Samples

Classified Advertising


Communities Served

Community Resources

-$- Online Store -$-

Digital Online Subscription

Order A Classified Ad Online

Place Assumed Name Notice

Cook County Legals Printed Here

Kane County Name Change - $85

Place Obituary Notice

Download Sample Paper

Submission of News

Engagement Submittal

Birth Announcements

News & Photos

Sports Scores

Lifestyle Features and Videos

Food and Lifestyle

Lifestyle Videos

Seasonal Widget

Crossword and Sudoku Puzzles

Mug Shot Mania News

Online News and Commentary

The Examiner U-46 News Feed

Cheap Seats 2021

Cheap Seats 2020

Cheap Seats 2019

Cheap Seats 2018

Cheap Seats 2017

Cheap Seats 2016

Cheap Seats 2015 B

Cheap Seats 2015

Cheap Seats 2014

Cheap Seats 2013

Cheap Seats 2012

Cheap Seats 2011

Cheap Seats 2010

Ramey DUI Video

Representative Randy Ramey pleads guilty to DUI

Bartlett Volunteer Fire Department Street Dance

The Truth about Global Warming

Examiner Editorials and Cheap Seats from the past

Forms and Newsstand Locations

Newsstand Locations

Carriers needed

Legal Newspaper

The Examiner U-46 News Feed

U-46 again pursuing largest allowable levy

By Seth Hancock
  School District U-46 plans to continue seeking the largest property tax levy increase allowed under the law with a levy proposal nearly $10 million higher than last year.
  The determination of tax levy as well as a resolution regarding the levy was presented to the Board of Education at its meeting on Monday, Oct. 21 and the board is expected to vote on the levy on Nov. 4. There was no discussion from the board.
  This is the first step for another U-46 property tax hike while a certificate of tax levy and another tax levy resolution will be presented on Nov. 18 and voted on at the Dec. 16 meeting.
  The proposed 2019 levy is set at $288.5 million, up from the $278.8 million in the 2018 extension, but the district expects $285.6 million. The proposed property tax increase represents a 3.5 percent hike, and the expected increase is 2.4 percent higher.
  Additionally, the district expects a $42.3 million levy on debt services and public building commission leases for 2019 which is a 0.39 percent increase from the $42.2 million extended in 2018, not “a decrease of 0.39 [percent] over the previous year” as is stated in the resolution.
  That brings the total property tax levy proposal $330.8 million, a 3.1 percent increase from the total 2018 extension of $320.9 million.
  Dale Burnidge, director of financial operations, said the district can increase property taxes by the Consumer Price Index, which is 1.9 percent, as well as new construction.
  The Equalized Assessed Value (EAV) of properties within U-46 was $4.8 billion in 2018 and the district’s levy proposal is based on an assumption of the EAV increasing to $5.6 billion, but the district expects it to be $5.4 billion.
  The levy is a defensive levy according to Burnidge as the district seeks to receive the most taxpayer dollars it legally can from property owners in the district as it feels it is “entitled.”
  “EAV is not known until approximately April for Kane and DuPage Counties and July for Cook,” the determination proposal states. “Since levies are filed by the last Tuesday in December of the previous year, it is still necessary to defensive levy to insure receipt of all property tax dollars to which the District is entitled.”
  The proposal adds: “Calculating both the maximum allowable levy (MAL) and the final effective tax rate is not done until late summer.”
  As reported by The Examiner during the Fiscal Year 2020 budget discussions, U-46 could theoretically keep the property tax levy flat and still significantly increase spending.
  The budget was approved with unanimous support and no debate from the board in September. It increased spending by $36.2 million to $594.3 million total, this despite the district expecting to continue seeing a sizable decline in enrollment which projects a loss of 950 students to 37,444 total this year.
  That budget estimated $3.1 million in additional property tax revenue. If the levy were kept flat, the district could have still increased spending by $33.1 million.




©2021 Examiner Publications, Inc.

Website Powered by Web Construction Set