CHSD 218 board adopts 2024 property tax levy after public reading of fund balances

At its Nov. 18, 2024 regular meeting in Oak Lawn, the Community High School District 218 board adopted the district’s tax year 2024 property tax levy following a statutorily required public reading of fund balances.

Mister Corsi read the district’s cash balances as of Oct. 31, 2024 "rounded to the nearest dollar," disclosing notable figures including an Education Fund balance of $70,056,344; a Capital Projects Fund balance of $32,502,462; and a Working Cash Fund balance of $10,779,151. He also reported long-term debt of $34,450,000 plus $7,004,066 in proceeds from an October sale of general obligation alternate revenue bonds and referenced transfers including a $30,000,000 shift from the Education Fund to Capital Projects. "For the education fund, $70,056,344," Corsi stated during the reading.

The reading was presented pursuant to Public Act 1020895, and the board then took roll-call votes to adopt the levy and to allocate the 2024 property tax. Secretary roll call recorded affirmative votes from Miss Roe, Mister Raddis (variously transcribed), Miss Hunt, Miss Contello, Miss Collier, Miss Katz and Mister Kozowski; the motions carried.

What the votes mean: the adopted levy sets the district’s request to local taxing authorities; the public reading supplied required transparency on fund balances, bond proceeds and recent internal transfers but did not change the underlying balances themselves. Board members did not propose amendments to the levy or allocation at the meeting, and no public objections to the levy were recorded during the proceedings.

Next steps: the levy and its allocation will be submitted to the appropriate county and township taxing bodies for collection under Illinois property-tax procedures.