Administrators presented the District’s proposed 2015 tax levy, which makes up 85 percent of their revenue.
“We are estimating that the district’s overall tax rate will decline,” said Brad Cauffman, Chief Financial Officer for the district.
That drop should be a little under 0.2%, but with rising property values residents will still see an increase of about 0.8% in their bill.
That means, an existing taxpayer with a home valued at $375,000 can expect to pay just over $6,600, which is $54 more than last year.
Officials also presented the District’s five-year financial forecast, which anticipates a deficit in revenue.
“The crossover year where expenditures are greater than estimated revenues, occurs in fiscal year 19,” said Cauffman.
However, if state legislators approve a property tax freeze, the deficit occurs in fiscal year 18 and increases by $4.1 million over the next five years.
Later in the meeting, the Board heard a potential solution to an overcrowding problem at Naper Elementary, where they have been using the LRC as a library, honors meeting space and art room because they do not have enough classrooms.
“Assign a grade level to another school. Without the ability to create sufficient space by reconfiguring Naper or adding on to Naper, it became clear that our best option is to reduce the number of students attending Naper,” said Julie Beehler, Principal of Naper Elementary.
To reduce students, administrators and school officials suggest housing Naper’s fifth graders half a mile away at Washington Junior High.
The students schedule, curriculum and activities would not change, but they would transition to the junior high building one-year early.
Pending board approval, the change would free up two classrooms at Naper and begin in the 2016-2017 school year.
Naperville News 17’s Evan Summers reports.
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