Lindop 92 Board Returns $510,658 to Broadview Property Taxpayers

(Broadview, IL) – At Lindop School District 92’s last Board of Education meeting of 2022, December 19, the Board voted to provide a Christmas ‘gift’ to Village of Broadview property taxpayers: a $510,658 tax abatement.

A feature of a new State of Illinois law to help assure a reliable, monthly cash flow to school districts requires that, in exchange for the state’s monthly check, districts abate or “return” a portion of their property tax revenue to local taxpayers.

“Illinois law provides school districts with an opportunity to lower the property taxes of local paid by local taxpayers with the state replacing a portion of lost tax revenue with state money,” said Board of Education President Sheryl Griffin. “As vigilant custodians of taxpayer money, whenever the board can provide property tax relief to residents and the families of students, we will provide that relief.”

In exchange for the $510,658 property tax abatement to Broadview property taxpayers, Lindop 92 will receive $411,000 in 12 monthly payments, a guaranteed disbursement that bolsters the district’s finances, according to district Superintendent Dr. Janiece Jackson.

“The money from the state is distributed every month to the district, like clockwork, to ensure a stable, reliable cash flow throughout the year, which is critical for paying our bills, including our teachers,” said Chief School Business Official Scott Beranek. “The other advantage is that the district, which has a property tax collection rate at 97%, would receive less money to which we are legally entitled or receive the money late, which undermines our budget.”

Since fiscal year 2021, the Lindop 92 Board of Education has voted to return to taxpayers $1.3 million, including $324,726 in both fiscal years 2021 and 2022.

davidormsby@davidormsby.com