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Board adopts estimated levy, authorizes tax-anticipation warrant authorization amid delayed Cook County distributions
Summary
Facing delayed Cook County tax distributions, the board approved an estimated property tax levy (4.99% notice), authorized up to $9,080,000 in tax anticipation warrants for cash-flow protection and approved an interfund working-cash loan to maintain operations.
Board members approved the district's estimated property tax levy and took authorizing actions to protect cash flow while Cook County delays tax bill distributions.
Jessica, the district finance presenter, said the Consumer Price Index used in levy calculations is 2.9% and the district will publish a truth-in-taxation notice for a 4.99% levy. "We're levying at 4.99% because of the unknown extension for this year and new property," she said, and the…
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