Skokie School District _73.5

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					Skokie School District #73.5



2009 Tax Levy


Prepared by Cyndi Cohen
December 8, 2009
Truth in Taxation

n   Approval of the Estimated Levy
n   Publication of Estimated Levy
n   Public Hearing
n   Board Approval of Levy
n   File with Cook County Clerk by last
    Tuesday in December
Tax Levy - 2009
n   “Tax Cap” - the County Clerk will not extend any
    tax levy beyond what the Property Tax
    Extension Limitation Law (PTELL) allows
    regardless of the amount levied

n   Increase 5% or CPI, whichever is less

n   Factors that affect tax levy extended by County
    Clerk:
     ØConsumer Price Index (CPI) – .1%
     ØNew Property Growth
Recommended Levy for 2009

To Be Collected in 2011
CPI - .1%                                                                                   Estimated EAV 2009                                 358,633,591
                                                                                            New Property Growth                                    500,000
                                                                              Estimated EAV 2008                                               397,926,210
                                                                                            Prior Year + New Growth                            398,426,210

                                                                                                                     2008 Actual vs.
                                  2008                 2008           Recommended                Estimated             2009 Levy         2008 vs. 2009
                                Extension            Tax Rate         Levy for 2009             2009 Tax Rate            $$ Difference        % Difference
Education                         $      9,974,874    $ 2.5067    $    10,062,000                     $       2.8056 $       87,126                 0.87%
Special Ed                         $       257,500    $ 0.0647    $         257,500                   $       0.0718 $           -                  0.00%
O&M                               $      1,526,171    $ 0.3835    $     1,745,000                     $       0.4866 $      218,829                14.34%
Transportation                     $       618,000    $ 0.1553    $         550,000                   $       0.1534 $       (68,000)             -11.00%
IMRF                               $       126,369    $ 0.0318    $         175,000                   $       0.0488 $       48,631                38.48%
Social Security                    $       126,369    $ 0.0318    $         175,000                   $       0.0488 $       48,631                38.48%
Tort - Liability                   $       109,292    $ 0.0275    $         109,292                   $       0.0305 $           -                  0.00%
Working Cash                       $       187,089    $ 0.0470    $         179,400                   $       0.0500 $       (7,689)                -4.11%
Life Safety                        $       195,700    $ 0.0492    $             -                         $        - $      (195,700)            -100.00%
Leasing                            $        77,250    $ 0.0194    $          77,250                   $       0.0215 $           -                  0.00%
Total                     $   13,198,614             $ 3.317      $    13,330,442           $   3.7170              $       131,828                 1.00%

Percent Increase                                                                    1.00%
Non-Caps Funds                    $      1,230,089    $ 0.3091          $      1,305,000              $       0.3639 $       74,911                 6.09%

 (Debt Service)
Grand Total                   14,428,703               $ 3.6260        14,635,442                     $        4.081 $      206,739                 1.43%

Overall Increase                                                                    1.43%
Debt Service

				
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posted:7/25/2013
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