District 203 Taxpayers To Benefit From $10M Surplus

Naperville IL

27 January, 2021

11:24 AM

Description

NAPERVILLE, IL — Naperville Community Unit School District 203 taxpayers can expect a reimbursement due to a $10 million budget surplus in the district, according to a news release. The budget surplus comes as a result of decreased expenses during the pandemic. In the news release, District 203 Superintendent Dan Bridges said, "Naperville 203 understands the great burden many of our families have faced during the COVID-19 pandemic and hopes that this reimbursement lessens that burden. Each year the District creates a fiscally responsible and attainable budget, but the pandemic meant that some projected expenses in areas like utilities and staffing were not fully achieved, thus leaving the District with a surplus." The rebate will show up on the tax bills of residents who own property in the district, according to the resolution, which was approved by the District 203 board of education Jan. 19. The timeline for the tax rebates has not been announced yet, but district officials said that information is forthcoming.