Assistant Superintendent of Business Admits That Repayment of $29 Million in Bonds Will Raise Taxes
As the Round Lake Area School District 116 retreats from their often stated misconception that “taxes will not go up as a result of the referendum” assistant superintendent of finance, Bill Johnston, told a reporter from the Daily Herald that the lack of a tax-hike request on the upcoming ballot doesn’t mean homeowners wouldn’t pay more if the referendum passes. Often times at the recent school board special meetings they try to convince those in attendance that their taxes would not go up if the measure passes. Chart after chart are thrown up on the big screen showing how taxes would remain the same through 2027 with very little emphasis on the portion of the chart showing how much local taxpayers would save if the current bonds were allowed to expire. In an effort to confuse most in attendance all they talk about is your tax rate ‘stabilizing” over the next 15 years, thus giving attendees the feeling of comfort when in fact they will be paying for an increase in taxes for years to come. For example, on a $100,000 assessed value home, the owners would be paying over $3,000 more in increased taxes and someone with a $200,000 assessed home would be paying almost $7,000 more.
In his response to the Daily Herald reporter Johnston is now clarifying that homeowners taxes WILL actually go up from what they would normally be if the referendum is defeated.
Bill Johnston: The district has never said the repayment of $29 million in bonds will not raise taxes
Johnston, who speaks first in the following video, is followed by a spokesperson for a group supporting the referendum. Both use identical language that “taxes will not go up as a result of the referendum”