REFERENDUM ON THE BALLOT
Shall the limiting rate under the Property Tax Extension Limitation Law for the Peotone Park District, Will County, Illinois, be increased by an additional amount equal to 0.0547% above the limiting rate for levy year 2022 to maintain, improve and protect parks and for other park purposes and be equal to 0.1796% of the equalized assessed value of the taxable property therein for levy year 2024?
- The approximate amount of taxes extendable at the most recently extended limiting rate is $137,112, and the approximate amount of taxes extendable if the proposition is approved is $197,160.
- For the 2024 levy year the approximate amount of the additional tax extendable against property containing a single family residence and having a fair market value at the time of the referendum of $100,000 is estimated to be $18.
- If the proposition is approved, the aggregate extension for 2024 will be determined by the limiting rate set forth in the proposition, rather than the otherwise applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law).
BREAKDOWN OF TAX INCREASE
Asking for a .0547 increase, For every $100,000 of the Fair Market Value of your home, Taxes will increase... $18/year; $1.50/month; 5¢/day
PARK DISTRICT OPEN SPACES AND PROPERTIES
Peotone Park District maintains 3 park locations with approximately 16 acres of open space, recreational fields, and playgrounds.
It operates and maintains it’s main building in the center of it’s largest parcel of land.
In addition to open green space, the park district maintains 4 pavilions, a free- standing public restroom, and pond within it’s parks.
Parks, Playgrounds, Courts, Landscaping, Building Improvements and Developments
Grant Matching Projects Bate Park Improvements
Replacement and Repairs to Park Vehicles
Cooperative Agreement with Peotone School District 207U
WHERE DOES THE PARK DISTRICT GET FUNDING?
Peotone Park District is a non-profit government agency that gets it’s funding from property taxes, programming, rentals and grants.
The costs associated with managing the parks and buildings are funded by the Park District’s Corporate and Recreation Funds which are collected through the property taxes.
WHY DOESN’T THE PARK DISTRICT RAISE USER FEES?
The Park District is committed to making programs affordable.
Individuals who register for programs are charged a fee to cover program costs.
Those that live outside of the Peotone Park District boundaries are charged an additional Out of District (OOD) fee.
WHAT IS THE PARK DISTRICT REFERENDUM ABOUT?
Peotone Park District is asking for taxpayers to invest additional tax dollars to assist in park maintenance, operations, vandalism repairs, and to continue current programming through a tax rate increase. The increase will generate funding needed to manage park operations, fund recreational programs, and to maintain existing assets.
All funding would be allocated to improve park maintenance, repair/replace properties that have been vandalized, additional capital improvements, and repair/replace park equipment.
WHY THE REFERENDUM NOW?
The Park District has been evaluating the need for a referendum for years. Without additional funding, the Park District will have to delay needed maintenance and capital projects.
With mandated increases to the minimum wage and rising costs of materials, the park district is in the position where a modest tax rate increase will provide the funding necessary to maintain it’s existing assets, and provide funding for future improvements.
THURSDAY, FEBRUARY 8 - 3:00 PM
TUESDAY, FEBRUARY 13 - 6:00 PM
SATURDAY, FEBRUARY 24 - 12:00 PM
TUESDAY, MARCH 12 - 6:00 PM
All meetings held at Peotone Park District
8 Blue Devil Dr., Peotone, IL
VOTING INFORMATION EARLY VOTING
February 8 - March 18
VOTE BY MAIL
February 8 - March 14
Tuesday, March 19
CONTACT US FOR ANY QUESTIONS 708-258-3343
8 BLUE DEVIL DR PEOTONE, IL 60468