Voters to decide on tax increase that could add $5.4 million to Oswego School District 308
Oswego voters will decide April 2 if School District 308 will receive a 30-cent operating tax-rate increase it approved in January.
The tax-rate increase is per every $100 of equalized-assessed valuation and will go into the school district's general fund, according to the Chicago Tribune. The school district is holding several community events to discuss the referendum before election day.
The school district voted 6-1 to add the referendum to the ballot in January. If it passes, property taxes will likely increase approximately $182 per home with a market value of $200,000, and approximately $332 for a home with a value of $350,000, according to the Tribune.
If the referendum passes and is successful, it could add $5.4 million annually for the district, according to the Tribune.
The school district plans to lower class sizes from 28 to 25 for Kindergarten through second grade and reinstate a gifted-education model for third grade. The high school athletics fee would also be reduced from $300 to $250.