Sycamore School District 427 to hold public hearing for tax levy
SYCAMORE – The Sycamore School District 427 Board will hold a public hearing for the 2018 tax levy during its regular meeting Tuesday.
The public hearing comes after the board approved a resolution to authorize the district to publish the 2018 preliminary tax levy resolution during its Oct. 23 meeting.
The district is estimating the consumer price index will be 2.1 percent with an estimated increase in the equalized assessed valuation of 3 percent from last year’s EAV, according to chief financial officer Nicole Stuckert’s Oct. 23 presentation. If those numbers hold true by the time the final levy is approved after the public hearing Tuesday, taxpayers who haven’t had their properties reassessed may see a decrease in their tax rate.
According to the proposed final levy’s certificate, $17.7 million would be levied for educational purposes, $3.6 million for operations and maintenance, $2 million for transportation and $3.4 million for special education. It is unclear what tax bills might actually look like for residents who own property within district boundaries with the proposed levy, as similar bills and options were outlined most recently in the city of Sycamore’s and DeKalb School District 428’s proposed levies.
District 427 Superintendent Kathy Countryman and Stuckert were not available for comment before Monday.
The meeting is scheduled for 7 p.m. Tuesday in the sixth-grade English and language arts section of Sycamore Middle School, 150 Maplewood Drive.