In a recent decision by Chicago’s partially elected and partially appointed school board, a vote was cast to increase property taxes, sparking a mix of reactions from its members.

Though the hike is relatively modest, some board members argue that any increase is burdensome, especially at a time when many residents are already experiencing significant rises in their property tax assessments.

ABC7 Chicago is now streaming 24/7. Click here to watch

Even as the Chicago Public Schools are closed for the winter break, the Chicago Board of Education remains active in addressing financial matters.

During a special meeting held on Monday, the board members gathered to deliberate on and ultimately approve the increase in the property tax levy.

“We’re not in a position to turn down additional funds. With charter schools shutting down frequently and federal funding being reduced, we must prioritize what is best for our students,” stated Chicago School Board member Norma Rios Sierra.

CPS and most Illinois school districts are primarily funded by local property taxes. On a Chicago bill, it is the largest taxing body.

CPS is allowed to raise the rate, but it is capped at the lower of either 5%, or the rate of inflation. When the district closed a $729 million budget deficit in August, it raised the levy slightly below the legal limit.

Monday’s vote was to raise it to the legal limit. All of Mayor Brandon Johnson’s Board allies voted for the increase.

“This tax levy is a very minimal amount. Someone with a half-million dollar home is going to be paying what they would pay for going out for fast food once,” Chicago School Board member Debby Pope said.

According to CPS officials, the tax hike will mean an extra $8 on a $250,000 home or $16 for a $500,000 home. Despite the seemingly small amount, a handful of Board members voted no.

Angel Gutierrez says his district on the Southwest Side has been hit with huge assessment increases.

“You cannot keep funding in the system on the backs of same families already drowning,” Board member Gutierrez said.

Others say CPS must tighten its own belt before turning to taxpayers.

“We must learn to live within our means and right-size. This district putting more financial pressure on our families to foot this bill is simply irresponsible,” Chicago School Board member Ellen Rosenfeld said.

Other Board members say this school year’s budget includes enough cuts, and the $25 million generated from the property tax hike may protect CPS from any further cuts.

“The next place to go are cuts that directly affect kids. And, you know, an extra $25, $29 million just to cushion that blow will be really helpful for those services,” Board member Jenni Custer said.

While its fiscal situation is figured out for this school year, school Board members know 2027 will be even more challenging. The same year, elections will be held for all school Board members.