Financing
School District 120 has been successful in maintaining a relatively low tax rate for many years, thanks to sound fiscal management and a successful shared services model with School District 75 that have saved both districts millions of dollars over the past several years. Due to these reasons, the tax rate for School District 120 is currently $2.48, the third lowest among Lake County high school districts.
The District has drafted a facility improvement plan to address aging infrastructure, overcrowding and educational limitations. The plan under consideration would require voter approval of a $149.5 million building bonds referendum. A successful referendum would mean a tax increase for property owners inside District 120 boundaries.
More detailed information about homeowner cost coming soon.