The Oswego School District 308 Board of Education voted 6-1 Wednesday evening, Jan. 9, to place an operating fund property tax hike referendum on the April 2 ballot.
The ballot question will read: "Shall the limiting rate under the Property Tax Extension Limitation Law for Oswego Community Unit School District No. 308, Kendall, Kane, and Will Counties, Illinois, be increased by an additional amount equal to .30% above the limiting rate for school purposes for levy year 2017 and be equal to 5.2453% of the equalized assessed value of the taxable property therein for levy year 2019?"
According to information provided by the district, if voters approve the referendum it will cost the owner of a home valued at $200,000 an additional $182 annually, while the owner of a home valued at $250,000 would pay an extra $232. The tax bill for a $300,000 home would increase by $282.
District administrators asked the board to consider the referendum late last year as part of the district's ongoing attempt to counter a projected multi-million-dollar deficit.
Board member Brent Lightfoot cast the lone negative vote on the motion to place the referendum on the ballot. Board Secretary Jared Ploger was not present, but participated and voted via a conference call.
The board will meet again next Monday, Jan. 14, at 7:15 p.m. in the Community Room of Oswego East High School.