Increase Limit Rate - FOREST PRESERVE DISTRICT OF COOK COUNTY, ILLINOIS - CLEAN AIR, CLEAN WATER, AND WILDLIFE HABITAT PROTECTION ONE-YEAR LIMITING RATE INCREASE

Shall the limiting rate under the Property Tax Extension Limitation Law for the Forest Preserve District of Cook County, Illinois, be increased by an additional amount equal to 0.025% above the limiting rate for levy year 2020 for the purposes of conserving and restoring land to good health, protecting the water quality of rivers, lakes, and streams, providing natural flood water storage, protecting wildlife habitat, protecting forests to improve air quality, improving and maintaining existing forest preserves and trails of said District, and other lawful purposes of the Forest Preserve District of Cook County, with public disclosure of expenditures, and be equal to 0.076% of the equalized assessed value of the taxable property therein for levy year 2022? (1)The approximate amount of taxes extendable at the most recently extended limiting rate is $88,665,270 and the approximate amount of taxes extendable if the proposition is approved is $132,128,637. (2) For the 2022 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 $8.06.(3)If the proposition is approved, the aggregate extension for 2022 will be determined by the limiting rate set forth in the proposition, rather than the otherwise applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law).