Capitol Fax is reporting a school superintendent complains that a two-year real estate tax freeze for be a “killer” for schools:
“[Bruce] Rauner wants legislatures to freeze property taxes for 2 straight years,” said Tad Everett, superintendent of the Sterling Public School District. “That would be a killer for us financially. We would have no new revenue or increases in anything budgetary for 2 straight years.”
If so, school administrators must be poor managers.
For next year, the maximum increase in taxes any non-Home Rule government (and that means all schools) is 8/10 of one percent.
So far in 2016, the Consumer Price Index has increased 5/10 of one percent.
Show me a manager that can’t cut one percent from his or her budget and I’ll show you one who should be replaced.
This means the whole tax freeze issue is little more than a “headline” opportunity.
Taxpayers won’t save much.
Conversely, tax districts won’t lose much.
But the savings and loses will be “forever,” as the tax district employees continually remind tax district board members.