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DESCRIPTION:NOTICE OF PROPOSED PROPERTY TAX INCREASE FOR\nTHE BOARD OF EDUC
 ATION OF THE CITY OF CHICAGO\n(COMMONLY KNOWN AS “CHICAGO PUBLIC SCHOOLS”)
 \n1. A public hearing to approve a proposed property tax levy increase for
  the Board of Education of the City of Chicago (commonly known as “Chicago
  Public Schools”) for the Fiscal Year beginning July 1\, 2023\, and ending
  on June 30\, 2024 (“FY2024”) will be held on October 25\, 2023\, at 10:00
  a.m. at the Chicago Public Schools Loop Office\, 42 West Madison Street\,
  Garden Level\, Board Room\, Chicago\, Illinois 60602. \nFor this Truth in
  Taxation Hearing\, advance registration to speak will begin on Monday\, O
 ctober 23\, 2023 at 10:00 a.m. and will close on Tuesday\, October 24\, 20
 23 at 5:00 p.m. or until 10 slots have been filled\, whichever occurs firs
 t.  Advance registration during this period is available by the following 
 methods:\nOnline:  www.cpsboe.org (recommended)\nPhone:  (773) 553-1600\nT
 he Public Comment segment of the Truth in Taxation Hearing will conclude a
 fter the last person who has registered to speak has spoken\, or 10:30 a.m
 .\, whichever occurs first.\nRegistered speakers who wish to present durin
 g Public Participation may have the option to participate in person at the
  location of the Hearing or virtually via an electronic platform. The publ
 ic will have access to the Hearing via live stream at cpsboe.org.\nMembers
  of the public may submit written comments on this proposal via the Writte
 n Comments Form on the Board’s website at www.cpsboe.org or mailed to 1 N 
 Dearborn\, Suite 950 by 5:00 p.m. Thursday\, October 26\, 2023.\nII. The c
 orporate and special purpose property taxes extended or abated for the Fis
 cal Year commencing July 1\, 2022\, and ending June 30\, 2023 (“FY2023”)\,
  were $3\,536\,143\,680. The proposed corporate and special purpose proper
 ty taxes to be levied for FY2024 are $3\,732\,882\,160. This represents a 
 5.6% increase over the previous year.\nIII. The property taxes extended fo
 r debt service and public building commission leases for FY2023 were $52\,
 931\,380. The estimated property taxes to be levied for debt service and p
 ublic building commission leases for FY2024 are $79\,702\,528. This repres
 ents a 50.6% increase over the previous year.\nIV. The total property taxe
 s extended or abated for FY2023 were $3\,589\,075\,060. The estimated tota
 l property taxes to be levied for FY2024 are $3\,812\,584\,688. This repre
 sents an 6.2% increase over the previous year. \nDated at Chicago\, Illino
 is\nOctober 13\, 2023\nChicago Board of Education\nBy: /s/ Jianan Shi Pres
 ident\nAttest:\n/s/ Susan Narrajos\nSecretary
DTEND:20231025T100000
DTSTAMP:20260405T085729
DTSTART:20231025T100000
LOCATION:CPS Loop Office Chicago\, IL 60602
SEQUENCE:0
SUMMARY:Monthly board meeting
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