Dist. 68 Keeps Eye on Financial Future

By Zawislak, Mick | Daily Herald (Arlington Heights, IL), February 16, 2005 | Go to article overview
Save to active project

Dist. 68 Keeps Eye on Financial Future

Zawislak, Mick, Daily Herald (Arlington Heights, IL)

Byline: Mick Zawislak Daily Herald Staff Writer

Oak Grove District 68 is not quite in a crisis, but the pinch is coming and district officials want to avoid the inevitable.

Facing a $2 million deficit within two years, as well as increasing costs for items such as health insurance and needed repairs in aging buildings over the next five years, the district will be asking voters for a property tax increase.

Oak Grove has no funds in reserve and borrowed money in June 2003 by issuing tax anticipation warrants to cover expenses. The district also has been trimming its budget, cutting $90,000 from the technology budget, for example.

So they are hitting on voters for the first time in five years. As insurance, they'll get two shots at it. Oak Grove's request to increase the educational fund rate to raise about $1.5 million is one of only two referendums on the Feb. 22 primary ballot in Lake County.

The Green Oaks-based district was allowed to do that because its coverage area extends into a portion of Waukegan, which is holding a primary election for mayor.

And because the filing period to be on the April general election ballot ended before the results of the primary will be known, the district was allowed to put the referendum question on the April ballot as well. Should it be successful in February, the April question would be moot, however, and the results discounted.

"If it passes the first time, the second one means nothing," said Superintendent Larry Hewitt.

Technically, the district will be asking for a 32-cent increase per $100 assessed valuation in the education fund tax rate. While not in the ballot language, the district plans to pay off 1997 building bonds, which carry a separate tax rate of 27 cents.

That would equate to a net tax increase of 5 cents, the district has been saying in a series of public question and answer sessions and meetings with homeowner groups. The annual increase would range from $50 for a $300,000 to $83 for a $500,000 home and $134 for an $800,000 home.

The money will be used to maintain and improve a comprehensive educational program including after-school clubs and activities, drama, foreign languages and gifted education.

New curricula in math, science, reading, writing and social studies, an increase in the technology budget for training and equipment and more teacher training, are among the "value-added" improvements voters would see after a successful referendum, according to the district.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Dist. 68 Keeps Eye on Financial Future


Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?