$53.9 million tax levy approved by DuPage Forest Preserve District
The Forest Preserve District of DuPage County Board of Commissioners recently approved a nearly $53.9 million levy for the 2014-15 fiscal year, according to a news release from the district.
Property taxes will increase by one dollar for the average owner of a $300,000 DuPage County home as a result of the levy. Last year, Forest Preserve District property taxes averaged $154 for such a homeowner.
Forest Preserve District President D. "Dewey" Pierotti Jr. said that the board was serious about maintaining the "outstanding financial reputation" that the district currently enjoys.
"Every year we offer new recreational opportunities, habitat improvement projects and educational programs that benefit all of the people in DuPage County," he said in a statement.
The district will have a balanced general fund budget and is a AAA bond rated agency. Its services are funded primarily by property taxes and it is subject to the tax cap, which limits property tax growth to the Consumer Price Index or five percent, whichever is lower.