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Somonauk Community Unit School District Tax Levy Proposition (April 2013)

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A Somonauk Community Unit School District Tax Levy proposition was approved on the April 9, 2013 election ballot in LaSalle and DeKalb Counties, which are in Illinois.

This measure authorizes the Somonauk Community Unit School District to increase its property tax levy maximum to 4%. Details about this tax are below in the Text of the question.[1]

Election results

LaSalle County:

Somonauk CUSD tax Prop.
ResultVotesPercentage
Approveda Yes 593 65.16%
No31734.84%
These election results are from the Lasalle County elections office

DeKalb County:

Somonauk CUSD tax Prop.
ResultVotesPercentage
Approveda Yes 399 63.03%
No23436.97%
These election results are from the DeKalb County elections office

Text of measure

Text of the question:

SHALL THE MAXIMUM ALLOWABLE ANNUAL TAX RATE FOR EDUCATIONAL PURPOSES OF SOMONAUK COMMUNITY UNIT SCHOOL DISTRICT #432 BE

INCREASED TO 4.0 % UPON ALL TAXABLE PROPERTY OF SAID SCHOOL DISTRICT AT THE VALUE AS EQUALIZED OR ASSESSED BY THE DEPARTMENT OF REVENUE?

THE TOTAL RECENTLY APPROVED ANNUAL BUDGET FOR THE SCHOOL DISTRICT IS $9,461,740.

OVERALL EQUALIZED ASSESSMENTS FOR THE SCHOOL DISTRICT HAVE BEEN DECLINING SINCE 2009 AND HAVE RESULTED IN DECLINING REVENUES FOR THE 2011-2012 AND 2012-2013 SCHOOLYEARS. IN ADDITION, BOTH THE DEKALB AND LASALLE COUNTY ASSESSORS HAVE PROVIDED ESTIMATED ASSESSMENTS SHOWING A DECLINE IN ASSESSMENTS ONCE AGAIN FOR THE 2012 LEVY YEAR.

IF PROPERTY ASSESSMENTS WERE TO REMAIN AT 2011 LEVELS, UNDER THE PROPOSED RATE INCREASE THE ABOVE BUDGET FIGURE COULD POTENTIALLY INCREASE TO $10,748,932 (A 13.6% INCREASE IN THE TOTAL BUDGET). ALSO, UNDER THE PROPOSED RATE INCREASE THE CURRENT ESTIMATED MAXIMUM EDUCATIONAL TAXES EXTENDaBLE COULD BE INCREASED FROM $4,132,565 TO $5,419,757, IF PROPERTYASSESSMENTS DID NOT CONTINUE TO DECLINE.

IF THE PROPOSITION IS APPROVED, THE INCREASED 4.0% TAX RATE WOULD REPRESENT A 31.15% INCREASE FROM THE CURRENT TAX RATE FOR THIS FUND OF 3.05%. NOTE THAT THIS DOES NOT MEAN THAT A TYPICAL TAX BILL WILL INCREASE BY THIS PERCENTAGE, SINCE THERE ARE MULTIPLE OTHER FUNDS WHOSE MAXIMUM RATES WILL NOT BE INCREASED AND SINCE ASSESSED VALUES MAY GO DOWN.[1][2]

See also

External links

References

  1. 1.0 1.1 LaSalle County April 9, 2013 Election Notice with Sample Ballot
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.