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Tax Levy

Saturday, December 8, 2012

City: No Tax Increase for Darien Property Owners

While the tax rate may increase slightly, property owners will pay the same total amount they paid last year.

Wednesday, December 5, 2012

City Says No Tax Increase for Darien Property Owners

While the tax rate may increase slightly, property owners will pay the same total amount they paid last year.

Residents won't see an increase in property taxes this fiscal year after city council approved an tax levy ordinance Monday night.  "If you're reality and home value didn't change, then you will be paying the same amount of taxes as last year," says city administrator Bryon Vana.  The ordinance requests a general corporate purpose (general fund) and special corporate levy (police pension fund) of $1,617,850, which represents a 0% increase over this year’s non-bond extension of $1,617,850, according to a staff report released by the city.  "Since we anticipate a decrease in the assessed valuation city wide the tax rate may increase slightly, however property owners will pay the same total amount they paid last year," the city wrote in a …

Friday, November 30, 2012

District 99 School Board Approves $70.3 Million Tax Levy

The approved extension is 4.9 percent higher than last year's request, which is necessary to cover new construction values, diminishing state aid and a potential shift in pension costs, officials said.

Community High School District 99 has set its proposed 2012-13 tax levy at $70.3 million, not including the bond and interest fund—a 4.9 percent hike over last year’s levy. The District 99 school board voted 6-1 during their Nov. 18 board meeting to approve the levy. Board Member Keith Matune cast the lone dissenting vote. Because this year's increase did not exceed the 2011 extension by more than 5 percent, the district was not required to hold a public hearing or publish levy information, according District 99 Controller Mark Staehlin. Despite the 4.9-percent increase requested by District 99, the amount of additional property tax revenue a district can receive from existing property is capped at 3 percent, the value set by the Consumer …

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Marty

5:58 pm on Monday, February 25, 2013

Just from an insiders point of view, DGN has lowered their standards from 4 years ago. DGN is making it easier for their students to get better grades. Students have certain opportunities to take tests over until they reach a "C". Mr Kasik has a goal to make minority students (who do not pay taxes in the District) feel more welcomed and get more understanding). These were his words to the staff …   more ›

Monday, November 26, 2012

D86 Board OKs Tentative $75 Million Balloon Tax Levy

The amount the district actually gets permission to collect next spring will likely be significantly lower once the district's total EAV and new construction numbers are known.

The District 86 Board of Education approved a tentative tax levy last week that would aim to raise as much revenue via property taxes as state law allows. The board voted 5-2 to affirm the administration’s recommendation to request a $75.5 million “balloon levy” to be collected from its taxpayers, $73.1 million of which would go toward its capped funds like education and operations, despite the fact that such an increase accounts for $17 million more in new construction than the district expects, business manager Jeff Eagan said.  The $73.1 million for capped funds is a 4.5 percent increase over last year’s tax extension.  According to state law, the extension of the 2012 levy over the 2011 levy is limited by the 2011 consumer price index…

John Regan

9:52 am on Thursday, November 29, 2012

Barry, you said "Elections for school board in April. I hope to see some new names on the board after the votes are counted." Agreed. The majority of the school board are reprehensible, not just for the fiscal mentions you cite, but for the permitting the hidden liberal agenda of the faculty and the derelict administration to creep into the curriculum as well. I would be willing to help raise …   more ›

Wednesday, December 22, 2010

District 63 School Board Approves 4.9 Percent Tax Levy

When the DuPage County Clerk makes the final call, however, the district will likely receive a 3.22 percent increase to its portion of residents' tax bills.

The District 63 School Board voted unanimously Tuesday, minus one absent member, to approve a 4.9 percent levy for the 2010 tax year. Even though the district will request a 4.9 percent increase to its portion of residents' tax bills, it will more likely receive a 3.22 percent increase, according to Director of Financial Services Robert Strande. The district levies, or requests, a higher increase than it thinks it will receive in order to capture tax money from all the new growth that happened during the year, Strande said. If the DuPage County Clerk approved the 4.9 percent levy, it would net District 63 about $8.09 million in property tax dollars, Strande said. In the more likely scenario with the 3.22 percent increase, District 63 will …

Wednesday, December 15, 2010

District 61 School Board Approves 10 Percent Tax Levy

The board voted Tuesday to approve the levy, even though it will most likely receive only a 2.76 percent increase.

Darien's District 61 School Board voted Tuesday to adopt a 10.04 percent tax levy for 2010. But just because the board's asking for a 10 percent increase over last year's extension doesn't mean they're going to get it. Instead, the DuPage County Clerk will likely approve a 2.76 percent increase over last year's levy. A levy is a request taxing bodies, such as school districts, make for their portion of residents' property tax bills. The request is based on estimates of new construction in the district. Prior to the vote, the board held a public hearing to discuss the levy, but no one spoke for or against it. District Business Manager Megan Stoltz said at an earlier meeting that District 61 based this year's estimates on $45 million worth …

Tuesday, December 7, 2010

No Increase to General and Police Pension Fund Levy This Year

City Council approved a 0 percent increase Monday night.

The portion of Darien property taxes going toward the city's general and police pension funds won't be increasing for fiscal year 2010-11. City Council unanimously approved an ordinance Monday that levies a 0 percent increase in the tax rate. In the ordinance, the city requested a levy of $1,601,287 be directed toward the two funds, which is identical to last year. This means residents will pay the same amount for this portion of their property taxes as they did on their 2009 bills. The general fund pays for most of Darien's operations, including the police department, public works and city administration. The police pension fund goes toward retirement benefits for police officers. Last week, the Illinois General Assembly passed a bill …

Monday, December 6, 2010

Despite Daley's Warning to Chicago, Police Pension Bill Won't Likely Increase Darien Taxes

If signed into law, the legislation will more likely slow the rate of the annual police pension tax levy increase, according to Darien's treasurer.

Upon the passage of a police pension reform bill last week in both branches of the Illinois General Assembly, Chicago Mayor Richard Daley forcefully declared that the legislation would compel a dramatic rise in city property taxes. Despite that stern warning to Chicago residents, Darien's treasurer, Michael Coren, said that people who live in Darien have little to fear about how the bill, if signed into law, will impact local taxes. In fact, it will likely slow down the rate at which the city's police pension tax levy increases each year, he said. One of the few immediate effects of the bill, which still awaits Gov. Pat Quinn's signature, would be to extend the amount of time cities and municipalities have to fully fund their police …

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