A slight increase in the 2014 property tax levy for Northbrook Glenview School District 30 will be discussed at a public hearing Dec. 11, followed by a school board vote.
An initial vote by the board approved an increase of 1.5 percent for inflation and an additional 6 percent to capture any new construction within the communities, but that seldom is imposed. The total property tax take would be about $21.8 million.
By law, the Board of Education is required to adopt the tentative levy within 20 days of approving a final levy, said Chris Young, assistant superintendent for finance and operations. Those members who were present voted in favor. Board president Scott Margolin was absent.
The increase for inflation is based on the Consumer Price Index, Young said. The amount is limited by law to the increase in CPI or 5 percent, whichever is less, plus an additional increase for new construction.
It’s unlikely that the 6 percent increase will be realized, board member Chuck Gitles said.
“The expectation is there is not a whole lot of new growth coming into this district at this point,” he said, but to make sure any is accounted for, the levy initially ncludes it.
“Historically, we have over-levied just to make sure all of that additional funding is captured,” Gitles said. “If you don’t capture it when it first goes on (the tax) rolls, you cannot go back and capture it again.”
In 2013, the district approved a tentative tax levy increase of 6.7 percent — which included a 5 percent increase for new construction. In actuality, the district only collected a .64 percent increase in new property growth in 2013, adding up to a 2.4 percent increase last year. The total collected in property taxes was about $21.1 million, including tax funds received for both bonds and interest.
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This year, there will be no levy for the bond and interest fund as the district made its last debt service payment on Nov. 1, Young said in a memo.