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District 25 Proposes 4.7 Percent Tax Levy Increase

Arlington Heights School District 25 is proposing property tax increase, the Chicago Tribune reports.

District 25 is proposing a 4.7 percent tax levy increase, which is 35 cents above the current rate, the Chicago Tribune reports. With the increase, the tax rate would be $3.45 per $100 of equalized assessed value, and would bring $55,736,858 into the district. 

According to the Tribune, the total budget is at $72 million. A public hearing on the levy is scheduled for Thursday, Nov. 15 at 7:15 p.m. at Dryden Elementary School, 722 S. Dryden Place

Neo November 02, 2012 at 10:59 PM
Why are they asking for an increase when they are sitting on $62 million of reserves which is 86% of their budget? They could almost go a full year without collecting taxes. Seems a little overkill. They are not in any financial problems that would warrant an increase.
Michelle November 10, 2012 at 07:53 PM
Recent school board meeting numbers indicated the district's budget was balanced with an excess of funds this year. David Page, president of the school board/ financial advisor/ recent senate candidate, himself boasted about the fantastic job he did making sure the district finances should be in perfect shape. I must be confused, is this a joke?

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