AURORA – Fox Valley Park District residents will benefit from another tax freeze after the Fox Valley Park Board recently approved a zero percent increase for the third consecutive year.
The district, which serves the communities of Aurora, North Aurora and Montgomery, was allowed to levy an increase up to 1.7 percent, plus new growth.
“We are choosing not to levy for the full amount out of consideration for our residents and the financial challenges many of us may be facing in this recovering economy,” Fox Valley Park District Executive Director Nancy McCaul said in a news release.
With the district’s decision to levy a flat tax amount again, the average homeowner can expect a $12.43 decrease in the Fox Valley Park District portion of their tax bill, McCaul said.
“The park district did not capture the available property taxes from the expiring tax increment financing district that includes the Chicago Premium Outlet Mall,” she said.
Fox Valley Park Board President Rachel Ossyra said the park district will continue to implement its repair and replacement schedules, but at a somewhat slower pace.
“As always, we strive to operate with great efficiency in all our operations,” Ossyra said in the release.
“As we continue to grow to meet the needs of our 233,000 residents, we make difficult choices on how to balance service offerings,” Ossyra said. “We are committed to fiscal accountability and good stewardship of taxpayer dollars. Our staff will continue to explore feasible alternatives and collaborative efforts to ensure maximum efficiencies.”
The park district’s levy of $22 million does not necessarily reflect the amount of tax receipts that will be received by the district for next year. Final numbers from Kane, Kendall, DuPage and Will counties are expected in the spring.