Thank you for visiting our information page regarding a proposed referendum for Oswego Community Unit School District 308. This information is meant to provide you with simple and factual information so you can make an informed decision when you vote.
Why did the board of education introduce a referendum to voters?
- Over the past three years budget cuts have been made across the district, along with an increase in fees, in order to balance the budget.
- A balanced budget isn’t sustainable without annual cuts continuing, cuts that will have impact on the availability of programs and classes, extracurricular activities, class sizes, and more. The board of education wants to keep the impact of financial strain away from students, but that will become impossible if cuts must continue.
- The district’s cash reserves continue to deplete, causing the need for temporary loans to cover expenses as the district awaits funding payments.
- The viability of a community-led school district long-term requires financial stability and security for the future.
- A combination of prorated (reduced) payments in the past from the state, late payments from the state, and a period of time when the tax levy was frozen for three years, has led to the condition of district finances today.
Please review the Fast Facts Page for more information. On January 23, the District 308 Board of Education passed a resolution to have a referendum appear on the April ballot:
The ballot will read:
PROPOSITION TO INCREASE LIMITING RATE
Oswego Community Unit School District Number 308
Kendall, Kane and Will Counties, Illinois
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 2017 and be equal to 5.48348% of the equalized assessed value of the taxable property therein for levy year 2019.