If the referendum is successful, this is where the superintendent recommends the first $2.5M be spent –
Source –
https://meetings.boardbook.org/Public/Agenda/1490?meeting=540289
CPI – A WIN FOR SCHOOL DISTRICTS in ’23
“Property taxpayers in affected counties [DuPage included] may be in for a case of sticker shock in 2023 when they receive their tax bills for taxes levied in 2022. For the first time in over three decades, inflation will be well over 5.0%, thus allowing affected governments to increase their levies up to the 5.0% PTELL limit if they so choose. In contrast, the inflation linked PTELL limit in tax year 2021 for taxes payable in 2022 was only 1.4%.”
Source:
https://www.civicfed.org/civic-federation/blog/property-tax-cap-hit-5-limit-first-time-2022
If the referendum does not pass, the district’s tax levy will be based on the unprecedented CPI increase, shown in the table, above.
Take a look at your property tax bill. You can “search” for the most current information, from DuPage County, here:
Property Tax Search:
https://www.dupagecounty.gov/propertyinfo/propertylookup.aspx
Once you are looking at your parcel information, click on the “Property Tax Distribution” tab (see below):
Have your property tax payments to “Grade School Dist 66” increased or decreased, from the previous year?
Although the district’s “Limiting Rate” has not changed (like many others in DuPage County), the amount you pay can INCREASE, due to the way tax levies are applied.
“The Property Tax Extension Limitation Law (PTELL) limits the amount of tax extensions (total taxes billed) for non-home rule taxing districts. Although the law is commonly referred to as “tax caps,” use of this phrase can be misleading. The PTELL does not “cap” either individual property tax bills or individual property assessments. Instead, the PTELL allows a taxing district to receive a limited inflationary increase in tax extensions on existing property, plus an additional amount for new construction, and voter-approved rate increases.”
Source:
https://www2.illinois.gov/rev/questionsandanswers/Pages/331.aspx
For the current school year (2022-2023), the district has budgeted to receive $14.9M in local tax revenues, plus an additional $1.7M from state and federal sources. That is a total of $16.6M to serve an enrollment of 1097 K-8 students, in 3 school buildings.
$16.6M / 1097 Students = $15,132/Student
If the referendum passes, the district estimates an additional $2.5M in revenues – or a total of $19.1M/year.