Under this scenario, a property tax increase could be avoided by cutting $2.7 million from the District 200 budget. This plan uses none of the $27 million available surplus, and it extends the debt payment by five years, increasing the total payoff by $24 million. (PMA Securities)
Taxpayers must have been encouraged by recent discussions that did not include a property tax increase as part of a plan to address the $160 million bond debt of Woodstock […]
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