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Arlington Heights District 25 Expected to Vote on 4.9% Tax Levy Increase at Next Board Meeting Nov. 16

Mon October 23 2017 6:09 am  http://www.arlingtoncardinal.com/?p=85518
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A public hearing on an Arlington Heights Elementary School District 25 tax levy and final vote by the school board is scheduled for Thursday, November 16, 2017.

Next School Board Meeting
Thu. November 16, 2017
7:30 pm
Ivy Hill School
2211 N. Burke Drive

Arlington Heights Elementary District 25 has proposed a 4.9 percent tax levy increase for 2017, which was estimated to account for …

a 2.1 percent increase in the consumer price index,

2 percent for new property growth, and

0.8 percent to capture new growth from the expected expiration of TIF district in Arlington Heights.

The third tax increment financing district in Arlington Heights on the southwest corner of Arlington Heights and Rand roads, where properties in the TIF district will be returning to the tax rolls represent $3.5 million, or 0.19 percent, in new property. However officials report they need to levy more than expected to adjust to all new growth.

See also …
www.sd25.org




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