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Sound business practices

To the Editor:

As we enter the sixth year of an unprecedented depression in real estate values and ever-decreasing rents, it is clear that School District 155 has no respect for property owners and the general business community.

High real estate taxes are a major cause of the foreclosure crisis and the extremely slow recovery of the housing market. In many cases, real estate taxes account for more than 40 percent of a homeowner’s total payment.

Notwithstanding the board’s concerns about state aid and a decrease in transportation funding, the board must address its spending problem. When student population is decreasing, there can be no justification for any, much less a $5.6 million, increase in the tax levy.

Additionally, it is time to take a stand with the teachers union. No salary increases of any kind and, in fact, the board should begin to claw back some of the union’s previously ill-gotten gains. The salaries and benefits, not to mention pensions, in Crystal Lake schools are completely out of control.

Balance your budget District 155, not on the backs of the taxpayers, but by using sound business practices. Live within your means ... we do. The goose that lays the golden eggs is on its death bed.

Tom Stephani

Crystal Lake

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