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Lake County Gazette

Saturday, April 12, 2025

Cornell CCSD #426 seeks voter approval on tax rate adjustment

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Randy Vincent Superintendent | Cornell Community Consolidated School District 426

Randy Vincent Superintendent | Cornell Community Consolidated School District 426

On January 9, 2025, the Cornell CCSD #426 Board of Education approved a resolution concerning a proposition to be submitted to voters at the consolidated election on Tuesday, April 1, 2025.

The proposition reads: "Shall the limiting rate under the Property Tax Extension Limitation Law for Cornell Community Consolidated School District Number 426, Livingston County, Illinois, be increased by an additional amount equal to 0.27905% above the limiting rate for school purposes for levy year 2023 and be equal to 3.80545% of the equalized assessed value of the taxable property therein for levy year 2025?"

In simpler terms, the Board is asking voters to return the limiting tax rate to its level from three years ago.

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