Notice of Proposed Property Tax Increase for Rend Lake College District 521

Notice of Proposed Property Tax Increase for Rend Lake College District 521.

1. A public hearing to approve a proposed property tax levy increase for Rend Lake College District 521 for 2024 will be held on December 10, 2024, at 6:30 PM at the Rend Lake College Event Center Warrior Lounge, 468 N Ken Gray Parkway, Ina, IL 62846.
   Any person desiring to appear at the public hearing and present testimony to the taxing district may contact John Gulley, Vice President of Finance and Auxiliary Services, Rend Lake College, 468 N Ken Gray Parkway, Ina, IL 62846; 618-437-5321.
2. The corporate and special purpose property taxes extended or abated for 2023 were $4,525,905.
   The proposed corporate and special purpose property taxes to be levied for 2024 are $5,366,577. This represents a 18.58% increase over the previous year.
3. The property taxes extended for debt service and public building commission leases for 2023 were $3,923,278.
   The estimated property taxes to be levied for debt service and public building commission leases for 2024 are $3,921,103. This represents a 0.06% decrease over the previous year.
4. The total property taxes extended or abated for 2023 were $8,449,183.
   The estimated total property taxes to be levied for 2024 are $9,287,680. This represents a 9.92% increase over the previous year.