Lake Bluff School Board Cuts Tax Levy $3.1 Million
Residents should expect lower property taxes when bills arrive from Lake County.
Budget cuts by the District 65 Lake Bluff School Board and sufficient reserves led to a reduction of the 2012 Real Estate Tax Levy by $3,178,010, according to a news release issued Wednesday by the District. A spokesperson for the District was unable to quantify the amount of any property tax reduction but any savings will show on the first half property tax bill. Want more Lake Forest-Lake Bluff business news? Sign up for our free newsletter. The Board cut its operating budget by $2 million for the coming fiscal year and will take approximately $1 million earmarked for debt service from cash reserves. The total levy of $12,953,000 is $3,178,010 less than last year. The Board considered a number of options and held a town hall meeting to …
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Geoff Hanson
9:21 am on Friday, January 18, 2013
I’m new in town, and I’m not sure I want to engage in the angry confrontations that take place in this forum, such as Mr Brown’s second paragraph, but I must say I don’t understand where Mr Brown is coming from in his first paragraph. The graph at Mr Russ’s link says it all: The school board hiked up taxes when no one was looking and then when a majority of them must stand for reelection, they … more ›