WINNETKA– The District 36 School Board voted to unanimously approve the 2017 tentative levy on November 14, 2017. The Levy is a request for property tax income, representing over 90 percent of the district’s annual revenue. A public hearing to discuss the proposed tax increase, and the School Board approval of the levy, will be held at the December 19, 2017, board meeting.
As the district seeks board approval for the 2017 tentative levy request, the district is required to compare 2016 to 2017 property taxes in its public notice, to be printed on December 7, 2017. The district is seeking an aggregate levy increase of 1.08 percent.
In March 2017, the board approved the abatement of $30 million in reserves to refund callable debt on June 1, 2017, and eliminate future property taxes of approximately $39 million previously scheduled to pay principal and interest on the $30 million of refunded debt. This action will result in an overall decrease in the Debt Service Fund this year of 17.38 percent, as well as a reduction in future Debt Service costs going forward. The restructuring of this debt will lead to an estimated annual taxpayer savings of approximately $319 per $10,000 annual tax bill.
About Future Ready D36
District 36 is conducting Future Ready D36, its first Educational Master Facility Plan in 20 years. Future Ready D36 is a holistic process that will measure, validate, quantify and qualify opportunities to align the district’s school facilities, enrollment, and vision for teaching and learning to meet the needs of current and future students in a fiscally responsible manner. The District invites Winnetka community members to engage in the Future Ready D36 process. Visit the Future Ready D36 webpage to stay informed on upcoming meeting dates and view meeting materials related to Future Ready D36.