Since the Property Tax Cap limits non-Home Rule tax districts to a 1.5% inflationary increase for next year’s total tax take, plus new construction, it is difficult to understand why McHenry’s Grade School Board is asking for 8.74%.
The difference between 8.74% and 1.7% is over seven percentage points.
How could anyone living in McHenry think that there is that much new real estate growth?
It reminds me of the McHenry County College Board’s asking for 9% in December of 2011.
That year the maximum that could be had under the Real Estate Tax Cap was also 1.5%.
This practice of over-levying is usually called “balloon” levying.
For tax eaters who pursue so much more tax money than can be reasonably expected it’s more like “wish fulfillment” levying.
Note also that property taxes to be requested for “debt service” is going up 27.56%.
I wonder if those attending the Tuesday 7 PM December 9th hearing will be told why,
The public notice does come at an appropriate time, however.
Now is the time people can pass petitions to run for school boards and other tax district governing bodies.
Petitions for school board may be obtained from the County Clerk’s Office in Woodstock.
There is one other puzzling part of the notice.
While there is no requirement in state law for people to have to sign up ahead of time to praise or criticize the proposed levy, this notice says those wishing to speak should contact School Superintendent Alan Hoffman.
That strikes me as an attempt to discourage people from attending the meeting.