2007 Tax Levy

posted: 3-23-10

Board approves 2007 tax levy; abates $3 million

Following a public hearing at its December 13, 2007 meeting, the Board of Education approved the proposed 2007 tax levy as presented. The proposed 2007 tax levy is $179,579,757, excluding the Bond & Interest Fund, and it reflects an increase of 3.0% over the 2006 tax levy.

The Board also adopted a resolution to authorize and direct the County Clerk to abate a portion of the taxes levied for the year 2007 ($3.0 million) to pay debt service on $50,470,000 of school bonds (series 2006). In fact, it is intended that for each of the next three years (2007, 2008, and 2009) a property tax abatement resolution will be filed with each levy to pay $3.0 million towards the principal and interest on the 2006 working cash bonds.

Additional information, including approved specific fund levy amounts, is available at:http://www.d211.org/pdf/levy_info2007.pdf.

Certificate of Tax Levy 2007


1750 South Roselle Road
Palatine, Illinois 60067-7336
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