We were only one of two (2) individuals or groups tuning in to the YouTube live stream of the 220 Board of Education meeting last night (see lower left corner viewer count).
Last night during their November 19th meeting, the 220 Board heard a presentation about the tentative 2019 tax levy, which determines how much taxpayer money the district will receive in 2019. Barrington 220 collects property taxes from Kane, Lake, Cook and McHenry Counties, and property taxes account for more than 80% of the district’s annual operating revenues.
The district expects to receive a 2.34% tax increase compared to last year, however it is requesting a 4.4% increase, in case new construction is larger than expected. Based upon projections, excluding bond and interest, the total expected tax revenue for 2019 is $126,156,200.
The next step in the tax levy approval process is a public hearing set for the December 3rd Board meeting. The Board is anticipated to approve the tax levy on December 17th.
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