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    Fast Facts on the Referendum

     An Operating Rate Referendum for Oswego Community Unit School District 308
    voters will appear on the ballot in
    Kendall, Kane and Will Counties on March 17, 2020

    What is the purpose of this referendum?

    • The referendum would allow for the reinstatement of several cuts, including:
      • Continuation of junior high sports
      • Summer school transportation
      • Expanded gifted education programming
      • Updated technology and curriculum
      • Completion of delayed maintenance on many aging buildings and grounds.

    • Additionally, with adequate funds in reserve the district would not need to take temporary loans while awaiting funding payments, these loans carry costly interest, and have a negative impact on the district's financial rating.

    • The district’s financial position requires that additional bonds be purchased, which means more debt, in order to complete necessary equipment servicing, operational repairs, and technology updates.

    • The district's current reserves would only allow a few weeks of operation without outside funding. Our Board of Education Policy along with recommendations by the Illinois State Board of Education indicate that we should have reserves equivalent to 20% of our budget expenses.


    What has been done to decrease expenses in the district?

    • 2016-17 Reductions/Revenues: District Level Departmental Budget Reductions, Reduction of DAC Administrator Staff, Building and District Administrative Salary Freeze, Reduced Workers Compensation and Property Insurance Premiums, Reduced Health Insurance Cost, Custodial Restructuring through Attrition, Reduced Contractual Services.

    • 2017-18 Reductions/Revenues: Eliminated Seven Administrative Positions, Eliminated District Level Support Staff Positions, 2nd Year of Administrative Salary Freezes, Student-paid Field Trips, Discontinued Paying for AP Exams, Implemented a fee policy requiring student fees to be current for participation in sports and activities, Energy Savings, Delayed Curriculum Implementation.

    • 2018-19 Reductions/Revenues: Increased student fees related to: Athletics, Activities, Clubs, Drivers Education, Student Parking and Registration, Eliminated Transportation for Summer School, Restructured our Gifted Education Model, Increased our Class Size Guidelines, Increased Facility Rental Fees, Reduced Building Budgets, Limited Professional Development and Curriculum Work, Savings through Contract Negotiations with OTA and OCMA.

    • 2019-20 Reductions/Revenues: Reduction in District, Building-Level, and Non-Stipened Related Athletic Budgets; Increase Full-Day Kindergarten Fees; Increase Parking Permit Fees; Increase Early Childhood Tuition Program Fees; Restructuring Special Education Department (K-8); Restructure of Finance Department; Hired Director of Development to Secure Additional Revenue; Discontinued Junior High Boundary Grandfathering; Discontinued Offering Transportation to Early Childhood; Leasing of Athletic Activity Vans; Reduction of Non-Grant Funded TOSA Positions; Early Release of TAs on School Improvement and Parent-Teacher Conference Days; Reduce Total Number of OESPA 12-Month Employee Work-Days by two (2); Reduction of Custodial Staff by two (2); Reduction of one (1) Non-Bargaining Part-Time Employee from Technology Department; Junior High Sports Shifted from Athletic-Based to Intramural Framework; Costs to Upkeep Traughber Junior High Reduced; District Cell Phone Usage Management; Elimination of District Desktop Printers and COTG Personnel; Reduction to Contracted Service Visits, Service Agreements, and Increased Energy Demand Response Opportunity by District Operation and Maintenance.


    What impact would SD 308 homeowners see from the referendum?

    • The proposed increase equates to a 30-cent operating tax rate increase per $100 of equalized assessed valuation.
    • For example:
      • A home valued at $200,000 would experience a property tax increase of approximately $15 a month ($182 a year).
      • A home valued at $350,000 would experience a property tax increase of approximately $28 a month ($332 a year).


    When was the last time a successful referendum was passed?

    • 2005 was the last time a voters passed a referendum to allow for an increase in the operating tax rate of 30 cents. Previous to that request, it was 20 years since an operating referendum was presented. Over this time there was a significant increase in the population of students and employees, and the expansion of services has continued.


    How does a quality school district affect property values?

    • Research shows that the property values in any community are directly linked to the quality of schools. Quality education makes our communities desirable, attracts new businesses, and thereby contributes to higher property values.


    Where can I register to vote or find my polling location?

    • The Illinois State Board of Elections has a website with information on online voter registration, deadlines, polling places, early voting, and more. Visit www.elections.il.gov

     What is the timeline if the referendum passes?

    • If the March 17th referendum passes, it will be included on the levy presented December 2020.  It would then be included on property tax bills sent out spring of 2021.  The school district would begin receiving payments May 2021 through December 2021. 
       

    What does the question look like on the ballot?

    • Shall the limiting rate under the Property Tax Extension Limitation Law for
      Oswego Community Unit School District Number 308, Kendall, Kane and Will
      Counties, Illinois, be increased by an additional amount equal to .30% above the
      limiting rate for school purposes for levy year 2018 and be equal to 5.32922% of
      the equalized assessed value of the taxable property therein for levy year 2020?

      1) The approximate amount of taxes extendable at the most
      recently extended limiting rate is $ 100, 337,282, and the
      approximate amount of taxes extendable if the proposition is
      approved is $ 106,322,541.

      2) For the 2020 levy year the approximate amount of the
      additional tax extendable against property containing a single
      family residence and having a fair market value at the time of
      the referendum of $100,000 is estimated to be $100.

      3) If the proposition is approved, the aggregate extension for 2020
      will be determined by the limiting rate set forth in the proposition,
      rather than the otherwise applicable limiting rate calculated under the
      provisions of the Property Tax Extension Limitation Law ( commonly
      known as the Property Tax Cap Law).