PROPOSITION FOR A NEW TAX RATE UNDER THE PROPERTY TAX EXTENSION LIMITATION LAW FOR THE TOWNSHIP OF ELGIN

Shall Elgin Township, Kane County, Illinois be authorized to levy a new tax for the sole and exclusive purpose of providing services to senior citizens under Article 220 of the Township Code, including but not limited to construction, maintenance repair, and operation of a senior center, and have an additional tax of 0.025% of the taxable property therein extended for such purposes?|(1) The approximate amount of taxes extendable at the most recently extended limiting rate is $1,849,846 and the approximate amount of taxes extendable therefor if the proposition is approved is $2,269,541.|(2) For the 2016 levy year the approximate amount of the additional tax extendable against property containing a single family residence and having a fair market value at the time of the referendum of $100,000 is estimated to be $8.33.