D99 Approves 2.4 Percent Tax Levy

The  unanimously passed a 2.4 percent tax levy at its meeting last week, an increase that works out to about $21.60 a year for homes with a $300k market value.

The expected increase to new and existing properties is 2.1 percent, while the increase provided by new properties is -0.6 percent. The increase to existing property owners, however, is 1.5 percent.

The amount of the levy is $67,200,000, with the largest chunk of that money—$52 million—being levied for educational purposes. Additionally, $8.8 million is for operations and maintenance purposes; $2.9 is for transportation need; $1,150,000 is allotted for both municipal retirement purposes and social security purposes; $1.2 million is for special education purposes.

According to a board memo, the levy increase of 2.4 percent doesn't exceed the 2010 Extension by more than 5 percent, so a public hearing isn't required and won't happen. However, if you'd like to view the Levy memos, you can either click here or check out the additional images attached to this story.

District 99 encompasses Downers Grove as well as parts of Woodridge, Darien, Lisle, Westmont, Bolingbrook and Oak Brook.