Updated 12/15/2020 5:37 PM
At first glance, Aptakisic-Tripp Elementary School District 102's tax levy increase might raise some eyebrows. But the explanation for the nearly 15% hike given by Stacey Bachar, assistant superintendent for business services, likely soothed any irate residents attending Monday night's virtual public hearing.
The school board Monday passed a 14.89% tax levy increase for 2020, with the estimated total property taxes to be levied and collected in 2021 at $38.2 million.
But Bachar made it clear that the increase to property owners actually will be much lower when the taxes are extended in the spring, prior to the tax bills going out.
The projected hike is a result of what is called a balloon levy, she said.