Plainfield School Board Approves $198 Million Tax Levy
That's the amount of local property taxes District 202 will request from the Will and Kendall County clerks.
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The Plainfield School District 202 school board on Monday approved their request for the annual tax levy.
The district plans to ask the Will and Kendall County clerks for about $197.87 million in local property taxes, which includes bond and interest, in the 2012 levy.
Read: Plainfield Schools to Increase Tax Levy
The levy — the official request for its share of property taxes — is about 20 percent higher than the 2011 extension, or the amount the district actually receives, of about $164.9 million. The district expects the difference between the actual 2012 levy and the 2011 extension to be less than 20 percent.
The official extension will be calculated after the district’s final equalized assessed value is set in April.
Typically, governments levy for or request more taxes than they expect to receive in order to get their full share of taxes and not lose any potential revenue.
The state tax cap law limits the amount of new revenues the district can levy each year to either the rate of inflation or 5 percent, whichever is less. For the 2012 levy, the rate of inflation is 3 percent. Therefore, the district can only increase its local property tax revenues by 3 percent plus the value of new construction.
Related: Plainfield School District Deficit Projected at $1.8 Million
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Plainfield Community Consolidated School District 202
15732 S Howard St, Plainfield, IL -
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Ron
11:52 am on Wednesday, December 19, 2012
The school district could easily shave off $12 million from the levy if the teachers union actually contributed to their pensions. Currently, the Plainfield School Teachers and 66% of the school districts in this state contribute absolutely nothing towards their pension. This 'benefit' for the teachers is costing Plainfield School District property tax payers $12 million per year. While the rest of us contribute into social security and our own 401k plans, the property tax payers also foot the bill for the nine month, summer off, weekend off, holidays off day shift school teacher jobs.
Ernie Knight
2:27 pm on Wednesday, December 19, 2012
Sure Ron,
Violate the binding contract, then unilaterally punish teachers without recourse. Great idea.
Tim
2:44 pm on Wednesday, December 19, 2012
Nothing was mentioned about violating any contract. (it is up in 2013 I believe, the same year as this levy)
I find it rather telling that you call fiscal responsibility, 'punishment'.
Are the districts who don't play this pension-loophole game punishing their teachers? Because the teachers in Downers Grove don't seem to think they are being punished.
Ernie Knight
2:53 pm on Wednesday, December 19, 2012
And taking money away without recourse or good-faith collective bargaining is good treatment, Ron/Tim?
That's not "fiscal responsibility" its illegal.
tim watch2
3:32 pm on Wednesday, December 19, 2012
Tim,
You are completely clueless on how things work. Why don't you crawl back under the rock you were uner and reapply your tinfoil hat. You need it right about now to make the voices go away. Not only do you have no life, but you have a few screws loose.
Paul
2:51 pm on Friday, December 21, 2012
Where does it end ! these local Businesses cant afford any more property taxes and neither can home property taxes ! figure out another way ! by the time my kids get old enough to buy a house it will take up half their income !