A tax levy for 2014 of about $8.6 million was approved by the Norridge District 80 school board on Tuesday.
The levy was approved during the Dec. 9 school board meeting. It is estimated to be 3.5 percent higher than the previous year’s levy of about $8.15 million, according to information from the school board.
The 2014 levy will include property tax revenue from the new Mariano’s store on Lawrence Avenue.
Breaking down the levy, the largest portion of tax dollars received by the district—about $7.3 million—will fund the school district’s education fund, which includes teacher salaries and benefits, according to information from the school district.
About $672,000 of the levy will fund District 80’s operations and maintenance fund. Close to $135,000 will go toward the transportation fund, and about $400,000 will fund the municipal retirement fund and the social security fund.
The rest of the levied taxes will fund special education programming and fire prevention and safety.
Although the opening of the new Mariano’s store is expected to contribute to a 1.9 percent boost in new property tax dollars for the school district, overall property values fell this year by about 7.75 percent, or $26.3 million, according to information from the school district. The total EAV in 2013 was about $339 million, and the estimated total for 2014 is just short of $313 million.
New construction for 2014 is expected to total nearly $6 million, according to the school district’s information.
There were no comments made by taxpayers or school board members regarding the levy during the Dec. 9 board meeting.