Voters will be asked to approve a tax rate increase of 27.5 cents per $100 of equalized assessed valuation that will be assessed each year for four years.

The Illinois legislature imposed a tax cap in 1994 that limits revenue increases to the lesser of 5% or consumer price index (CPI). Tax caps prevent the school district from taking advantage of additional funding resulting from increasing property values.

The incremental effect on your tax bill will be modest. Here are some examples of the incremental investment residents will be making in River Forest schools and property values if the referendum passes:

*Annual Taxpayer Costs Every Year for Four Years*