SPRINGFIELD – Homeowners and small businesses across the South Suburbs will see decreases in their property tax bills under a new state grant program that seeks to provide relief to school districts in high-taxed areas.
State Senator Michael E. Hastings (D-Tinley Park) is proud to announce that community school districts received over $4.9 million dollars from the Property Tax Relief Grant that was included in the historic school funding reform law.
The new school funding formula advocated for by Hastings has already provided millions of dollars in new state funds to school districts that need it the most. In the first year alone, the 19th State Senate District received nearly $20 million in additional state funding.
“The people of the Southland are trying to do their very best to provide our children with an exceptional education and an excellent quality of life,” Hastings said. “Illinois’ families have a school funding formula in place to ensure schools are funded the right way to help homeowners find property tax savings and guarantee our children receive the best possible educational opportunities.”
Several local school districts will be eligible for the tax relief grant, including:
• Bremen Community High School District 228 ($3,541,127)
• Rich Township High School District 227 ($2,736,497.20)
• Homewood Flossmoor Community High School District 233 ($1,963,818.30)
• Elementary School District 159 ($242,794.24)
In order to receive the state grant, eligible school districts must submit an abatement resolution to their county clerks by March 30. The Illinois State Board of Education (ISBE) will then distribute the grants once receiving all abatement certificates.
More information on the Property Tax Relief Grant and a listing of each eligible school district can be found at www.ISBE.net/proptaxrelief.