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District 308 Adopts 2012 Tentative Levy with 4.9 Percent Increase

Assistant superintendent Paul O’Malley said actual amount is expected to be reduced through the County clerk.

The Oswego District 308 school board voted 6-0 in favor of adopting the 2012 tentative levy with a 4.98 percent increase.

Assistant superintendent Paul O’Malley said this levy is just a proposal that must still be approved by the County clerk. He said the clerk is expected to reduce the proposal from the suggested 4.98 percent to near 3.1 percent.

“The reason we levy higher is there could be new property,” said O’Malley. “If we fail to capture that new property, those new obligations will fall on the current taxpayer.”

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For example, O’Malley provided a home assessed at $300,000 and said under the new levy there would be an increase of about $8 a month, or about $90 a year. A home assessed at $100,00 would see an increase of about $2.50 a month, or about $30 a year.

“We have no control over assessed evaluation,” O’Malley added.

Many residents turned out to ask the board to consider the 20 percent tax levy referendum that 71 percent of voters asked for on election day.

“We’re spending lots of money on wonderful buildings and wonderful things,” said Oswego resident Cynthia Rook.  “But what’s important here are the kids.” She continued that everyone is facing a hard financial time and residents are asking for cuts. “It has to happen. It can happen.”

Gregory O’Neil, a member of the Kendall County Tax Revolt, said a segment of the population can’t afford to live in Oswego.

“It’s not that we don’t want to have a world class system,” O’Neil said. “We just can’t afford it.”

Superintendent Matthew Wendt reminded the board and public that the district started their 2013 budget with a deficit of over $7 million that was brought down to $5.5 million in the first draft to the public.

Through cuts the budget was approved with a $2.6 million deficit.

“I’d like to be so bold to say this increase will take care of the shortfall,” Wendt said.

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Maryz November 30, 2012 at 03:42 PM
I believe my numbers were off and it is more like 400,000 in revenue.
Oswego Resident November 30, 2012 at 06:46 PM
Ron, I'm not concerned about the actual numbers that are posted, more interested in how the numbers I found can be so different than the numbers that Tim found. It appears that Katra above also found numbers that were closer to mine than Tim's. Tim usually puts up his source, so I was curious as to where his numbers came from.
Katra Knoernschild November 30, 2012 at 07:11 PM
Ron, the only argument you are making is that Oswego could actually afford to pay their teachers more than Downers Grove (granted it doesn't take in to consideration Economic Development contributions, but that's another topic, you only focused on Median Income and Cost of Living - to which Oswego comes out ahead in both). But I don't think that is the question being asked. I think what we are trying to understand is what data source Tim is using, so that we can have a conversation based on consistency. I refer to City-Data when I want to generally use something, and because I personally find the census data retrieval process cumbersome. CD is often, more than not close to the census info, or will source it's data. It looks similar to what Oswego Resident has shared, and I would use that as a valid source for comparables looking side by side for a general discussion. I just can't figure where Tim pulled the Oswego number, except if he pulled the number from the wrong line, inadvertently. If so, no big deal - we all make mistakes, but I still want the source to compare the correct number and overall.
Jeri December 02, 2012 at 02:52 AM
Jimmy j you seem to know what is on the table for the 401k's. I see no other activity that show any knowledge. Yes possibly loosing the pretax advantage, cashed out to a government bond with 3% interest at 2008 levels, 5% requirement after tax to contribute to general fund. Well lets see...no teacher pension mentioned but all the taxpayers that have this "obligation" along with the "village people". Posters seem to agree with Tim's "obligation". This is all for increasing revenue by slight of hand, "magic" without many of the voters understanding results. They must still have their head in the sand looking for their lottery ticket.
Reality December 08, 2012 at 02:49 AM
http://oswego.patch.com/articles/census-oswego#comments Well it looks like Tim's median household income for $75k is clearly way off. This Patch article based on the latest census says that the median household income is around $94k.

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