#Suckers?
Barrington Area Unit District 220 is proposing a 4.4% increase to its property tax levy for 2020, including a 2.3% cost-of-living hike plus new property growth.
That would amount to a property tax levy of $132 million, Assistant Superintendent of Business Services David Bein told the school board Tuesday night.
However, the actual anticipated levy increase is 2.55%, because the district projects an estimated $7.5 million in new construction, or a 0.25% increase in the equalized assessed value of the district, plus the cost-of-living increase, Bein said. It’s difficult to precisely estimate new construction figures, particularly in Cook County, so levying a higher amount ensures all new growth is accounted for under the state’s tax cap law, he said.
The district’s proposed levy increase is just below the 5% threshold that requires a public hearing under the state’s Truth-in-Taxation law. The district will have a public hearing nonetheless, as it has done for the last decade or so, school officials said.
The board will meet via Zoom Dec. 1 due to COVID-19 guidelines. Anyone who wishes to make public comment can send an email to jstark@barrington220.org with the subject line “public comment,” or leave a voicemail at (847) 842-3576 by 4 p.m. Dec. 1.
Read more here.
Related: “Voters approve $147 million Barrington District 220 borrowing request for building projects” – April 18, 2020 Daily Herald
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