Wednesday, March 7, 2018

Numerous school finance referenda
on March 20 ballot

At least 22 school finance referendum questions are set to appear on the March 20 primary election ballot, including no fewer than 14 local bond issues, and four proposals to increase property taxes. Dozens more school districts would benefit from four countywide sales tax propositions earmarked for school facility purposes.

Counties marked in orange on the map will vote on sales
tax propositions earmarked for school facilities in March.
According to the Illinois State Board of Elections, the following proposed school district property tax increase proposals will go before voters in March:

  • Limestone CHSD 310, Bartonville, a 73 cent increase on $100 of equalized assessed valuation
  • Mount Prospect School District 57, an increase in the limiting rate under the Property Tax Extension Limitation Law (PTELL) of 0.85 percent above the previous limiting rate for school purposes
  • West Carroll CUSD 314, a 50-cent increase on every $100 of equalized assessed valuation
  • West Lincoln-Broadwell Elementary School District 92, an increase in the limiting rate under PTELL for the district of 0.40 percent above the previous limiting rate for school purposes, for the levy years 2018, 2019, 2020, and 2021

The 14 bond issues on the March 20 ballot all are building bond propositions. Bond proposals are aimed at providing funds for school building construction or repairs in:

  • Amboy CUSD District 272, $15.8 million
  • Athens CUSD 213, $11 million 
  • Bureau Valley CUSD 340, Manlius, $12 million
  • Central SD 51, Washington, $12 million
  • CUSD 99, Downers Grove, $136.6 million
  • Lake Zurich CUSD 95, $77.6 million
  • Maercker SD 60, Westmont, $28 million
  • Minooka CCSD 201, $90 million
  • Monticello CUSD 25, $29.8 million
  • Mt. Pulaski CUSD 23, $15.7 million
  • Sandwich CUSD 430, $700,000
  • Pennoyer School District 79, $25 million
  • Tri-Valley CUSD 3, $15 million
  • Winnebago CUSD 323, $7.5 million 

The largest of these bond propositions is at Downers Grove, where an additional $136.6 million in bond revenue could be obtained if voters approve the proposal. The smallest of these bond issues is the $700,000 proposal in Sandwich CUSD 430.

In addition to at least 18 school district finance referendums, countywide sales tax propositions for schools are scheduled in the following four counties: Madison, Richland, Vermillion, and Woodford. A sales tax of up to 1 percent earmarked for school facilities is sought under the authorizing state law that took effect in January 2008. To date 49 counties have adopted such a sales tax to benefit schools.

Revenue from countywide sales taxes for school facilities benefits all school districts in a county where such questions win voter approval.

Such a sales tax, when adopted, does not impose any tax on goods or services that are not already subject to sales taxes. Goods and services that are not subject to the additional tax include cars, trucks, ATVs, boats and RVs; mobile homes, unprepared food, drugs, and farm equipment and parts.

IASB will report on results of all the March 20 school referenda. Results of school finance referenda since 1989 are available online by clicking here.