Tax Levy Thursdays with T: Legal Limits

Round Lake CUSD 116 · November 20, 2025

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Introduction and presenter ID

Presentation

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T. A. Amsoll, chief financial officer for Round Lake CUSD 116, greets the community and introduces the Tax Levy Thursdays series and today’s topic.

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Informational briefing by T. A. Amsoll, CFO of Round Lake CUSD 116, explaining how the district’s property tax levy is limited by Illinois law (PTEL), how the county calculates final taxable value, and why the district may request slightly higher amounts as a margin of safety.

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Transcript

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