Is Lake Forest overtaxing some of its subdivisions?

SSA's – Special Service Areas – are common at suburban subdivisions. The typical pattern is that a suburb issues bonds to finance infrastructure improvements (roads, etc.) at a subdivision and home buyers pay a special SSA tax whose proceeds are used to retire the bonds. Buyers are made aware of the SSA and agree to it as part of their purchase.

At four Lake Forest subdivisions the SSA tax is being paid for the benefit of School District 67. And that, according to Howard Handler of the North Shore-Barrington Association of Realtors, is "unfair and unjust." Handler's rationale is that the subdivision developers paid substantial impact fees to compensate for the additional student load from the subdivisions.

Read more of the controversy at the Lake Forest – Lake Bluff Patch.

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