Tax Freeze Referendums Bracket High School District 155

There are three tax freeze referendums.

Well, not exactly.

They are actually advisory referendums in Lakewood, Fox River Grove and Cary.

Lakewood’s asks,

Shall each taxing body located partially or wholly within the corporate limits of the Village of Lakewood be required to seek voter approval by referendum prior to increasing its annual total property tax levy?

Cary’s and Fox River Grove’s read,

Shall each taxing body located partially or wholly within the corporate limits of the Village of Fox River Grove be required to seek voter approval by referendum prior to increasing its annual total property tax levy?

Missing from the Crystal Lake High School District 155 territory are Crystal Lake and Prairie Grove, plus unincorporated areas.

Strangely, people in Crystal Lake don’t seem to be as worried about real estate taxes as do folks elsewhere.

How else can one explain the widespread support (as shown by yard signs and volunteers going door-to-door) for the advisory referendum to build a new library costing an average of $132 per year ($200,000 home assumed) until the 20-year bond is paid off?

Saturday afternoon, the prime mover of the Lakewood referendum, Trustee Paul Serwatka, was in my neighborhood passing out information on the measure.

What he distributed is found below:

Arguments for supporting the Lakewood advisory referendum.

Information about the Lakewood advisory referendum.

What the

What the question will look like on one’s ballot.


I should add that Americans for Prosperity made a robo-call to Lakewood residents on Saturday in support of the referendum.


Comments

Tax Freeze Referendums Bracket High School District 155 — 7 Comments

  1. Is it really $132 per $200,000 Fair Cash Value, for 20 years?

    $132 per $200,000 Fair Cash Value was given as the year 1 cost.

    Somewhere you found the bonds would be retired in 20 years.

    But unless explicitly told so, I wouldn’t assume it is a level payment of $132 per $200,000 Fair Cash Value for 20 years.

    Frequently, bond payments are not level for the life of the issued bonds.

    Often the payments are ramped up, possibly offset by existing bonds that are retired, but sometimes the ramped payment becomes unaffordable, so the bonds are refunded, with the special interest groups profiting from the refunding.

  2. It will never be taken off your tax bill after the supposed twenty years.

    They will say that because of the new building and the need for even more staff that they need the extra money from the bonds and will probably ask for more too.

  3. When the Crystal Lake school districts were asked about joining together to fight an area business’s request for a reduced assessment of a million dollars they weren’t interested.

    The levy has been set and we the taxpayers will be making up the difference if they are granted a reduction.

    Stop the insanity no the library and anyone else looking for another cent

  4. I’m sure we both know that there is always a new bond to replace the one just paid.

    So the taxpayers are never done paying for it

  5. They will find an excuse to raise their taxes/levy after the twenty years.

    Like the above commentor says we will never be done paying for it.

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