Argo school board votes to abate $1.9 million in property taxes
By Bob Bong
Argo Community High School’s Board of Education voted last
week to abate $1.9 million from its 2018 tax levy.
The abatement was made possible by a Property Tax Relief
Grant it received from the Illinois Board of Education.
New provisions of the Evidence-Based Funding model for
Illinois schools provided $50 million this year in Property Tax Relief Grant
funds, which the state board passed on to eligible school districts.
In December, Argo applied to the state board for
consideration for a Property Tax Relief Grant. In January, the district was
informed that Argo District 217 was eligible to receive a grant totaling
$1,837,282.46. As part of this grant, the district will abate $1,938,495.69in
taxes from its 2018 tax levy.
By doing so, the district will instruct the Cook County
Clerk to lower its tax levy on local businesses and homeowners by $1.9 million
or approximately 6.78 percent.
Argo Business Manager Joe Murphy calculated that this
abatement will lower the preliminary tax rate of this year’s levy from 3.875
percent to 3.6124 percent. For the average homeowner, this will translate into
a $153 property tax decrease on their spring tax bills.
School board president Terry Pappas said, “This program and
grant are a great first step in providing local property owners with some
relief from the ongoing State educational funding challenges.”
“This demonstrates the state’s underfunding of education for
so long has put a burden on the taxpayers,” said Supt. Jill Kingsfield. “This
is good news for our taxpayers.”
Argo Community High School has made many efforts over the
past several years to address this issue, one of them being the waiving of
registration fees for students four out of seven years.
Argo Community High School is grateful to see the State of
Illinois created this grant as part of the new Evidence-Based Funding model.
Argo was one of only 30 school districts in the state to
receive funding from this grant.
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