• Understanding the Tax Impact of a Referendum
     
    For nearly two years, the school board and administration have thoughtfully discussed the district’s financial situation and options for addressing the significant deficits. The decision to seek an operating referendum in 2017 was not one that was taken lightly. This amount will both address the current projected deficits at least through 2025 and further support students and schools. The timeframe used for projections was determined based on the advice of financial advisors and the desire to project as far out as possible while still taking into account the level of financial uncertainty before the district.
     
    Estimated Tax Impact of a $14.5 million Referendum 
     
    Estimated Property Taxes Paid in 2016 Estimated Additional Annual Cost** Estimated Additional Monthly Cost**
    $2,000 $116 ($10)
    $4,000 $233 ($19)
    $6,000 $349 ($29)
    $8,000 $466 ($39)
    $8,076* $470 ($39)
    $10,000 $582 ($49)
    $12,000 $698 ($58)
    $14,000 $815 ($68)
    $16,000 $931 ($78)
    $18,000 $1,047 ($87)
    $20,000 $1,164 ($97)
     
    *Evanston Average
    **Estimated additional costs assume homeowner's exemption