Property Tax Hike
Chicago Public School officials have unveiled their budget plan for next school year, seeking to fill a $665 million deficit with a property tax hike, personnel cuts and some one-time revenue.
The Chicago Public School System has not yet released its budget for the coming school year, but property taxpayers are already going to pay more.
Several hundred students, their parents and staff from the two schools in West Northfield District 31 marched and rallied Tuesday, urging voters to approve a tax increase.
A small public school district nestled among two wealthy Chicago suburbs is in serious financial trouble. West Northfield Elementary School District 31 is surrounded by Northbrook and Glenview on the North Shore. It has only two schools and severe cuts are looming if they don’t get more money.
The Chicago Board of Education has approved a plan to raise property taxes in Chicago to help eliminate a $712 million budget hole.