Increase will bring in about $82 million for the district's 2011 and 2012 fiscal year budgets.
Residents within the boundaries of Hinsdale Township High School District 86 will see an increase in the amount of taxes they owe the district next year. At Monday's District 86 Board of Education meeting, the board unanimously approved the tentative 2010 real estate property tax levy which will increase the district's property tax revenue by 4 percent. The increase will bring in about $82 million in dollars to be used for the district's 2011 and 2012 fiscal year budgets. On Nov. 1, the board considered a 3.1 percent, 5.7 percent and 4 percent increases in the tax levy. District 86 Business Manager Jeff Eagan said that at Monday's meeting, "the consensus was to move forward with the 4 percent option." Eagan added that the board plans to…
Board voted Monday night to consider a levy that would raise $25 to $82 million.
Hinsdale High School Township District 86 is considering whether to levy a 4 percent tax increase to pay for the district's budget for the upcoming school year. Every year, the board must approve a new tax levy to cover the district's budget. During the meeting, Jeffrey T. Eagan, the district's business manager, presented the board with three scenarios. "The goal tonight is to have the board pick one scenario to consider and vote on at the next meeting," said Eagan. 1) The first scenario requested a 3.1 percent tax, which would capture up to $25 million from new construction. 2) The second scenario had the district levying a 5.7 percent tax, which would maintain the current fund balance. 3) The final scenario proposed a 4 percent levy …
41.78911
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Hinsdale Township High School District 86
5500 S Grant St, Hinsdale, IL
/articles/district-86-school-board-considers-4-percent-tax-levy
1462022
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