CRYSTAL LAKE – McHenry County College passed a flat property tax levy request for the fifth straight year.
On average, the board’s action saves taxpayers more than $20 a homeowner over five years, according to a news release from the college.
“We have controlled spending repeatedly, all in order to return value to the community,” MCC President Clint Gabbard said in an early October news release.
While the college and other districts are allowed, by law, to collect revenue tied to the consumer price index, MCC board members agreed to not collect CPI revenue from taxpayers for the fifth year in a row, resulting in the flat tax levy.
By holding the levy flat again this year, the college district’s taxpayers will have saved about $20.56 over the past five years, MCC Chief Financial Officer and Treasurer Bob Tenuta said.
Based on the overall average cost per parcel of $206.84, this amount represents a cut in taxes of about $4.75 a year, he said.
Board members previously have discussed the option of decreasing the levy by $5 a year, per parcel, but college leadership told them the move would not be sustainable and would have created a significant decrease in revenue.
MCC Board Chairman Chris Jenner, who resigned from the board this month and is moving to Florida, cited rising property taxes as one reason he and his wife are making the move. The board was able to pass one more flat levy before he left.
“I’m very proud of this board and administration for being sensitive to McHenry County property taxpayers for the past five years, while still keeping our students and faculty at the forefront,” Jenner said. “We have been very careful and efficient in our spending, especially during a time with such significant state budget challenges.”
MCC is one of only eight organizations among the 56 taxing bodies in the area that have said “no” to levy increases each year since 2013, according to the release.