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View Full Version : Local News Chicago Public Schools considers tax increase to collect $100 million more in property taxes



theschoolboards
07-06-2011, 08:48 AM
From Chicago Tribune (http://www.chicagotribune.com/news/education/ct-met-cps-taxes-20110705,0,7043460.story) by Noreen S. Ahmed-Ullah:
Chicago Public Schools officials are looking to collect $100 million more in property taxes and seek further cuts at central office and in middle management positions as they try to bridge a gaping deficit.

The district will have its Board of Education consider whether to approve the maximum property tax increase allowed under state law, which would mean higher tax bills for residents, although estimated average increases still are undetermined.

"The big question about property taxes, that's a decision that needs to be made by the board," said Chief Administrative Officer Tim Cawley.

In December, CPS filed notice that it would levy taxes up to the maximum allowed by the tax cap law, as it does every year to leave its options open. By spring, taxing bodies can opt to reduce the amount that will be collected, said Courtney Greve, spokeswoman for the Cook County clerk's office.

In the last two years, Greve said, CPS opted not to collect maximum levels, which are capped by the rate of inflation. But with the economy picking up again and facing what schools chief Jean-Claude Brizard has called a "historic" deficit, board members may decide to collect as much as they can this year.

The new administration already has announced $75 million in cuts at its central office and other measures that include downsizing the bus fleet, reducing underused space in schools and cutting down custodial service. This month, the board also did away with 4 percent across-the-board raises for teachers and other union members, cutting the $712 million deficit by an additional $100 million.

read more>> (http://www.chicagotribune.com/news/education/ct-met-cps-taxes-20110705,0,7043460.story)