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Board sets Truth in Taxation hearing after approving 2024 levy estimate (7.03% increase)
Summary
Board approved the 2024 levy estimate of $12,533,136 (a 7.03% increase over 2023) and scheduled a public Truth in Taxation hearing for Dec. 19, 2024 at 6:50 p.m.; the board noted PTELL limits actual extension to CPI plus new construction.
The Salt Creek School District 48 Board on Nov. 19 approved the district's proposed 2024 property-tax levy estimate and set a public Truth in Taxation hearing for Dec. 19, 2024 at 6:50 p.m. at John E. Albright Middle School (library lower level).
The board's Exhibit materials show the estimated aggregate levy for 2024 is $12,533,136, a 7.03% increase over the 2023 extension of $11,710,306. The levy estimate lists fund-level requests: Education $9,707,941; Operations & Maintenance $2,252,949; Transportation $397,000; IMRF $74,109; Social Security/Medicare $101,137.
Minutes and packet materials emphasize that actual tax extensions will be limited by the Property Tax Extension Limitation Law (PTELL); the packet notes the 2024 CPI-U used in the PTELL calculation is 3.4% and that final extension depends on spring 2025 assessed values and new-construction totals. The notice included instructions to contact Julie Jilek, Director of Operations & Business Services, to register to speak at the hearing.
Next steps: the public hearing on Dec. 19 precedes board action to approve a final levy; the administration will publish the legal notice in the local newspaper as required under Illinois truth-in-taxation rules.
