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Prospect Heights D23 board adopts 2024 tax levy, approves supplemental levy for 2022 bonds
Summary
The Prospect Heights School District 23 board approved a 4.21% tentative 2024 levy (reflecting a 3.4% CPI cap and assumed $3 million in new construction) along with a supplemental levy for 2022 debt service and related apportionment and IMRF resolutions.
The Prospect Heights School District 23 Board of Education voted Dec. 12 to adopt the district's 2024 property tax levy and a supplemental levy tied to the 2022 bond issuance.
Administration recommended moving forward with a levy of 4.21%, based on a 3.4% CPI cap and an assumption of $3,000,000 in new construction. "We are recommending moving forward with a levy of 4.21% based on our assumptions of 3.4% CPI (Capped) and $3,000,000 in new construction," the district's levy memorandum states. The motion to approve the tentative and supplemental levies, and associated resolutions for apportionment and IMRF, was made by Board Member Spencer Long and seconded by Brynn Nordmark; the motion passed unanimously with six members voting yes (one member was absent).
The board conducted a Truth-in-Taxation public hearing before the vote, a transparency step the district said it chose to take despite the levy reflecting an increase of less than 5% under state law. The district's materials note that certain items (approved bond/interest levies and new property growth) are exempt from the PTELL tax-cap calculations. The district must file the adopted levy with the Cook County Clerk's office by the statutory deadline at the end of December.
