Finance Questions

What will a combined school district do to my property taxes?


Although it is difficult to predict property taxes into the future, the feasibility study indicated that there would be a slight decrease in property taxes of residents in both districts.

Are there any financial incentives for the school district?


It is expected that the following incentive payments will be provided by the State of Illinois, as indicated on page 161 of the Feasibility Study. These incentives will be spread over four years and are subject to change.

Evidence Based Funding Difference: 16,288

Teacher Salary Difference: $322,892

Deficit Fund Balance: $0

$4,000 per Full-Time Certified Staff: $736,000

How will financial savings be realized?


It is expected that there will be a reduction in costs in many areas. For example, a combined district would only need one superintendent, one audit, and one athletic director, for example. Depending on class sizes, some teachers may not be replaced when they retire. Savings in personnel costs are expected to come from natural attrition, not layoffs.

Would a new district be “tax capped”?


Just as the two existing school districts are not “tax capped”, the proposed new school district would not be “tax capped”.