Indian Prairie School District 204 board approves $347 million tax levy

Chicago Tribune - Dec 18th, 2024

The Indian Prairie School District 204 Board of Education has unanimously approved a $347 million property tax levy for 2024, marking a $15.1 million increase from the previous year. This increase is driven by inflation and new construction, resulting in an estimated 3.4% rise in property taxes for homeowners. The average homeowner in the district, with a home valued at $450,000, will pay approximately $7,032 in property taxes. Despite the increase, the district's property tax rate is projected to reach its lowest level since 2011 due to sustainable budget practices and a strong local housing market. The levy supports the district's $435 million operating budget for the 2024-25 school year, which was previously approved in August. The district faces funding challenges due to inconsistent federal and state contributions and expiring pandemic relief funds. Recently approved bonds totaling $420 million will be allocated for facility improvements, not operational costs. The district anticipates adjusting the levy once final new property values are established.

Property Tax Education Funding

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RATING

7.8

Fair Story

Consider it well-founded

The article provides a detailed and factual account of the property tax levy approved by the Indian Prairie School District 204 Board of Education. It includes relevant financial information and context about the district's budgetary decisions, offering a comprehensive overview of the topic. However, the article lacks multiple perspectives or external sources, which could enhance its balance and source quality.

Accuracy

The article appears factually accurate, with specific figures and statements attributed to district officials. The data presented, such as tax rates and budget numbers, is precise and consistent throughout the article.

Balance

While the article provides detailed information from the district's perspective, it lacks viewpoints from other stakeholders, such as community members or independent experts. Including such perspectives could improve the balance.

Clarity

The language is clear and neutral, with well-structured information that logically progresses through the district's financial details. The article avoids emotive language, maintaining a professional tone throughout.

Source quality

The main source is district officials, particularly Matt Shipley, which are reliable for internal district information. However, the article would benefit from additional independent sources or expert commentary to enhance credibility.

Transparency

The article is transparent about the district's financial situation and the reasons for the tax levy increase. It discusses the district's funding challenges and potential conflicts like expiring relief funds, although it could more explicitly address any affiliations or interests influencing the reporting.