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Minooka CHSD 111 proposes $55.1 million levy as commercial assessments surge
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Summary
Assistant Superintendent John Troy told the District 111 board Dec. 17 that a proposed $55,145,175 2025 levy reflects a 77.5% rise in equalized assessed value since 2016 and new commercial assessments (including LyondellBasell and incoming data-center projects) that the district says will lower resident tax burden; the tentative levy is expected for approval at the end of the regular meeting.
Minooka Community High School District 111 on Wednesday presented a proposed 2025 levy request of $55,145,175 during a public hearing at Minooka Community High School, Assistant Superintendent John Troy said.
Troy told the board that the district’s equalized assessed value has risen 77.5% from 2016 to 2024 and that the district’s financial disclosures and three-year Operation Fund Expenditure Ratio (0.65) are in compliance with 105 ILCS 5/17-1.10 and -1.3 and Board Policy 4:20. "The 2025 Levy request is $55,145,175 and the 2025 estimated extension is $55,010,269. The estimated 2025 tax rate will be down to $2.1836," Troy said.
Why it matters: The district said a growing commercial tax base is the principal factor keeping the residential tax burden lower even as the levy request totals roughly $55.1 million. Troy said the district negotiated an assessment with LyondellBasell that raises that company's assessed value from $137 million in 2024 to $157 million in 2025, a 15% increase, and that the assessment is expected to grow during the agreement to about $210 million by 2030.
Troy also said the district is engaged in a similar tax-appeal settlement with Kendall Power that he expects will significantly increase that assessment. In addition, he cited the Rock Run development and two large projects under construction — an Equinix data center and a Canadian National intermodal facility — and said they together will bring about $1 billion in additional EAV to the district, which would reduce the tax burden on residents.
Troy summarized the district’s position this way: recent and current commercial projects have been accommodated within district funds while the district continues to lower its tax rate. He noted the disclosures and ratios are presented "in accordance with 105 ILCS 5/17-1.10 and -1.3 and Board Policy 4:20." There were no questions or concerns recorded during the hearing.
Public participation and next steps: There were no public comments during the hearing. The board did not take a formal vote on the levy at the hearing; Troy said the tentative levy is anticipated for approval at the end of the regular board meeting. The hearing was adjourned at 6:12 p.m. following a motion by board member Mike Hoyt and a second by board member Tim Juskiewicz.
Signatures on the hearing record list Laura Hrechko as president and Tim Juskiewicz as secretary.