Agenda Item
Meeting Date: 11/13/2019 - 7:00 PM
Category: Action Items
Type: Action
Subject: Adoption of the 2019 Levy
Vision 2022:
Policy:
Background: The School Code empowers the Board of Education to levy taxes to support the public school system. This is an annual process. If the tentative levy request exceeds 105% of the previous year's aggregate extension, a public notice and hearing are needed before the official levy is adopted. The Board of Education is limited to an increase no greater than the Consumer Price Index (CPI) from the previous year under the Property Tax Extension Limitation Law (PTELL or "tax cap").
File Attachment:
TaxLevyResolution19.pdf
levyppt19.pdf
SECRETARYSCERTIFICATE19.pdf
Certification regarding inapplicability of truth-in-taxation law2019.pdf
COL2019ExhibitA.pdf
Summary: Annually, the Board of Education reviews a levy proposal prepared by the Administration. The levy proposal was previously discussed with the Board Finance Committee. The recommended levy, which provides for a 3.63% increase, is listed below.

Although the proposed levy increase is 3.63%, it is anticipated that, as in previous years, the tax cap will reduce the actual extension. The tax cap will limit tax growth by the consumer price index for 2018 of 1.9%, plus any new construction growth in the District. While the actual new construction values are unknown at the time of this request, a levy request greater then the CPI is needed to capture the new growth. Additionally, the 2019-20 Budget anticipated both accessing the CPI and new growth; therefore, it is recommend that the Board access the funds available under the tax cap.


FUND 2019 LEVY REQUEST
Education $116,000,000
Special Ed $2,900,000
Tort $0
O & M $14,500,000
Transportation $5,800,000
IMRF $1,100,000
Social Security $2,700,000
Life Safety $ 0
Working Cash $0
TOTAL $143,000,000

The proposed 2019 tax levy (excluding debt services) increase is less than the 105% (actual increase is less than 5%) of the previous year's (2018) aggregate extension, which was $137,992,917.68. Therefore, the Board of Education is not required to hold a public hearing on the tax levy. The anticipated Debt Service (Bond & Interest) levy is $20,728,843.

Attached to this report are the formal levy resolutions and forms that must be adopted by the Board and filed with the County Clerk. This will complete the levy process.
Funding: Aggregate Levy Request of 3.63%, which will be adjusted by the PTELL. Source is local tax dollars.
Recommendation: It is recommended that the attached resolution and certificates for the 2019 Tax Levy be adopted as presented, that the Certificate of Tax Levy be executed, and that all forms be filed with the County Clerk.
Approvals:
Recommended By:
Signed By:
Bill Farley - Assist. Superintendent
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Jim Mathieson Moved, Member Rob Hanlon seconded to approve the Original motion 'It is recommended that the attached resolution and certificates for the 2019 Tax Levy be adopted as presented, that the Certificate of Tax Levy be executed, and that all forms be filed with the County Clerk.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Brad Paulsen     Yes
Jim Mathieson     Yes
Chris Crabtree     Yes
Rob Hanlon     Yes
Ginna Ericksen     Yes
Susan Booton     Yes
Dave Long     Yes