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Mundelein trustees hear PMA briefing: new development likely won’t cover major school construction without voter approval or special financing
Summary
At an Oct. 28 Committee of the Whole, consultant Bob Lewis of PMA told Mundelein trustees that property‑tax caps and Illinois’ evidence‑based funding formula mean new property revenue from a proposed 25‑year development will probably pay operations but won’t cover major school construction; Lewis reviewed options including special service areas, alternate revenue bonds and referenda.
At a Committee of the Whole meeting on Oct. 28, 2024, Mundelein Village trustees and local school‑district leaders heard a presentation from PMA consultant Bob Lewis on how school districts are funded and which financing tools could cover capital needs tied to a large development expected over the next 25 years. Lewis told the board that while new development can generate property‑tax revenue for operations, it typically falls short of the funds needed to build new schools.
The presentation focused on three revenue streams for school districts — local property tax, state aid and federal aid — and explained how Illinois’ evidence‑based funding (EBF) model and county tax‑cap rules shape which districts get new state dollars. "Every year the state has allocated $350,000,000 to this model," Lewis said, and "$50,000,000 of that goes to property‑tax relief grants." He cautioned that the EBF tiers concentrate most new state dollars in the lowest adequacy tiers and that District 79 has historically been in a lower tier, receiving only about $31,000…
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