“At our Dec. 17 meeting, the Board approved the district’s share of the local property taxes for 2025. Barrington 220 collects property taxes from Cook, Kane, Lake and McHenry Counties, and property taxes account for approximately 80% of the district’s annual operating revenues. While the district expects to receive an overall levy increase of 4.5% compared to last year, it has requested a 5% increase in the event new construction costs are higher than expected. This includes the capped funds and debt service obligations.
Based on projections, the total expected tax revenue to be collected in 2025 is $164,454,578. The Board did not issue Debt Service Extension Base (DSEB) this year; however, we still have the option to do so this fiscal year.”
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