HUNTLEY – The Huntley School District 158 Board is proposing a property tax levy increase.
With the consumer price index at 2.1 percent for levy year 2017 before new construction, the district will extend $1.28 million in additional operating property taxes, according to board documents.
The total levy request is about $72.9 million in comparison to $70.3 million received in 2016, documents show.
A homeowner with a $200,000 home will see an approximate $79 increase in their property tax bill for the school district, documents show.
"With the increase in CPI, this year's tax extension will bring much needed revenues to the district to help support the overall education of the students of District 158," Chief Financial Officer Mark Altmayer said.
New construction is expected to come in at about $17.7 million, which represents about $828,000 in additional taxes to the district, Altmayer said.
"New construction primarily represents more students and increasing enrollment as a result of new families moving into the district," Altmayer said. "This was really important back in the day when the district was significantly growing. Our enrollment has kind of leveled off for the last few years, but the additional revenues help support our overall mission."
The district's aggregate levy will be less than 105 percent of last year's extension at 104.5 percent.
A levy hearing and vote will be at 7p.m. Dec. 14 at the district office, 650 Academic Drive, Algonquin.
Altmayer said additional revenues will be used for supporting the district, including maintaining its facilities. He added that the district is one of the lowest operating cost districts in the western suburbs, spending $9,770 a student.
"Our tax rate versus other tax rates are relatively low, and we don’t receive a lot of funding from the state of Illinois," Altmayer said. "We only spend what we have."
Estimated EAV reports come from assessors from McHenry and Kane counties.
Editor's note: This story has been changed with the correct number of per student spending for District 158.