Schools
D-36 Board Approves 1 Percent Increase To 2017 Final Levy
Homeowners will save $319 for every $10,000 in property taxes paid since Winneka District 36 lowered its debt service costs.
From Winnetka Public School District 36: The District 36 School Board voted to unanimously approve the 2017 Final Levy on December 19, 2017. The Levy is a request for property tax income, representing over 90% of the District’s annual revenue. The District gained Board approval of an aggregate levy increase of 1.08% .
In March 2017, the Board approved the abatement of $30 million in reserves to refund callable debt on June 1, 2017, and eliminate future property taxes of approximately $39 million previously scheduled to pay principal and interest on the $30 million of refunded debt. This action will result in an overall decrease in the Debt Service Fund this year of 17.38%, as well as a reduction in future Debt Service costs going forward. The restructuring of this debt will lead to an estimated annual taxpayer savings of approximately $319 per $10,000 annual tax bill.
Visit the Future Ready D36 webpage to stay informed on upcoming meeting dates and view meeting materials related to Future Ready D36.
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