$175 million property tax increase sought for Mundelein High renovation/expansion -- and it would be phased in
The new approach, announced Monday in tandem with times and dates for public presentations and tours, is meant to temper the initial increase to taxpayers in Mundelein High School District 120.
Voters in District 120 will be asked on the April 4 ballot whether to allow the district to borrow money by issuing bonds to pay for the work. by signing up you agree to our terms of service "Initially we were planning on a single rate increase," said district spokesman Peter Gill."We found a better way to schedule the payments that could help our property owners."
"The hope is that as Mundelein continues to grow, there will be a greater tax base to draw from to pay off the bonds," he added.
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