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Three Village proposes 2.87% budget increase; tax levy to rise 4.54% as vote set for May 19
Summary
District business official Mister Carlson presented a $244.98 million 2026–27 budget with a 2.87% spending increase and a 4.54% tax-levy rise; administration warned that a failed vote would force roughly $8.1 million in further cuts and outlined contingency options. Vote: May 19.
Mister Carlson, the district staff member who presented the finance package, told the board on April 15 that the proposed 2026–27 budget is $244,980,092, a 2.87% increase from the current year, and that the associated tax levy would be $187,097,362, a 4.54% increase that complies with the state tax cap.
Carlson said the district’s tax-cap calculation reflects two components: the levy growth factor tied to inflation and a tax-base growth factor for new construction. “The CPI rate to be used is 2.63%,” he said, and added that this year the district’s tax-base growth factor is 1.19%.
Health-insurance costs are a major driver…
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