D.215 backs first property tax levy increase in three years

2012-11-29T00:00:00Z D.215 backs first property tax levy increase in three yearsGregory Tejeda Times Correspondent nwitimes.com
November 29, 2012 12:00 am  • 

CALUMET CITY | The School Board for the Thornton Fractional high schools gave its approval to its first tax levy increase in three years, asking for just over 1 percent more in the amount of money it hopes to raise through property taxes in the upcoming year.

Board members voted 7-0 in favor of five measures that combine to create the property tax levy.

District Finance Director Charles DiMartino wrote in a memorandum to School Board members that the total increase in the tax levy being sought by District 215 officials is 1.114 percent higher than what was sought last year,  a levy that raised a little more than $30 million for the district.

The request marks the first time in three years the high school district has asked for any tax levy increase. During the past two years, district officials made a point of approving a levy identical to what was sought the year before.

State law does not require local resident approval if the size of the increase is kept under 5 percent in any given year.

Also approved by the School Board with votes of 7-0 were two measures related to the issuance of general obligation bonds in upcoming weeks.

The board of education approved the issuance of up to $2 million in limited school bonds, and up to $7.5 million in refunding school bonds.

DiMartino said the actual sale of bonds likely would take place in coming weeks.

“This sets the parameters for the first set of bonds sold,” he said.

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