If you live within the boundaries of School District 203, you could have an additional property tax increase coming your way.
At their latest meeting board members discussed with the Chief Financial Officer, Brad Cauffman, the possibility of raising the tax levy by 4.14%.
For someone who owns a home valued at $350,000 that would mean a $193 increase per year.
The measure’s intended to help offset a projected $40 million in construction costs over the next five years, plus the expense that comes with having to hire 11 additional staff members to accommodate all day kindergarten at every school.
The board won’t vote on the tax levy increase until their December 16th meeting.
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