Public hearing on District 64 levy set
Updated: January 7, 2013 1:43AM
PARK RIDGE — A public hearing on the 2012 tax levy proposed by the Park Ridge-Niles School District 64 Board of Education is scheduled for 7 p.m. Nov. 12 at Carpenter School, 300 N. Hamlin Ave. in Park Ridge.
The district’s tentative tax levy of 4.74 percent was adopted Oct. 22. According to the school district this levy is comprised of a 4.99 percent increase for education and other funds totaling $60.4 million and a 0.03 percent increase for debt service of $2.9 million.
The Board of Education expects to formally vote Dec. 10 on the 2012.
Comments and questions on the tax levy will be accepted during the public meeting or by email to members of the Board of Education or Superintendent Philip Bender. Email addresses can be found on the district’s website, www.d64.org, under “contact Board of Education.”
District 64 typically receives less in taxes than it actually levies, according to the district. In 2011 the School Board approved a levy of 4.99 percent, but the increase ended up being 1.7 percent. This year the district anticipates receiving about 3.2 percent if the 2012 levy of 4.74 percent is approved.
“Estimating the amount of new property being added to the tax rolls for the first time is always difficult,” a press release issued by District 64 states. “To fully capture the benefit of this growth, districts that intend to maximize what can be legally collected under the tax cap typically set a higher levy, knowing that the County Clerk will always trim the final amount to ensure that the increase in total taxes collected is within the tax cap limit for the year.”