Oak Brook Park District Open Space Project Finances

The park district would maintain the land using funds within its current operating budget

Oak Brook Park District Open Space Project

Financial Impact

Should the referendum pass, the tax increase for an owner of a $1 million home is estimated to be $266 per year. (Financial Impact Chart Coming Soon)

Budget

Should the referendum pass, and the Park District purchases the property, it currently plans to maintain the 34 acres of open space using funds within the park district’s existing budget. The park district will rely on community input to determine, prioritize, and budget for any future improvements to the land.