Open records request finds New Trier bond referendum has a higher price tag
WINNETKA TOWNSHIP, Illinois: As the voters of the New Trier High School District in Chicago's North Shore are considering to approve a $174 million dollar capital project, a open records request reported in the Chicago Daily Observer in its January 28, 2010 edition found the project has a higher price tag than what the New Trier administration claims in a open records investigation.
Despite the New Trier Administration claims that homeowners will pay an additional $248 per $10,000 of assessed property, an open records request from PMA Securities the district's bond issuing agent finds a different result. The open records obtained (timed out) found evidence that the $248 a year additional increase will result in additional increases leading up to $631 per $10,000 of property by 2030 resulting in a 258 percent property tax increase over twenty years.
The issue of hidden property tax increases has been a main theme for the New Trier Choices campaign as they try to convince voters in the last four days of the campaign that the project's high price tag in a bad economy could be what is needed to defeat the referendum.
- Former New Trier Principal thinks bond referendum is the wrong project at the wrong time.
- New Trier Superintendent sells value of bond referendum
- New Trier Township Highschool District Bond Measure (February 2010)
- School bond and tax elections in Illinois