Curious about the new proposed tax levy?
Tonight is your chance to voice your opinion and learn more about the 2011 property tax levy that would increase by 1.5 percent.
The Village's newly appointed Finance Director Kevin Wachtel will present more information to residents at tonight's 8 p.m. village board meeting in the
Interim Finance Director Larry Noller presented a brief summary on the proposed increase at an October meeting. Noller explained that for a $500,000 home the homeowner could expect to pay about $720 per year, instead of the current $709 on just village taxes.
Noller told trustees at the October meeting that the increase is needed to help fund pensions, general expenses and the .
Tonight, trustees will listen in as residents raise questions or concerns before the final vote on Monday, Nov. 28.
Property assessments are down about 5.5% on average. That same 500,000 house in the example will be assessed at 472,000. Imagine - paying more property tax on property that is worth less money! Why not follow the lead of other communities and lower the levy or at least keep it flat?!?
Its time to CUT the budgets not increase them!! BTW - if the increase were only 1.5% a public hearing would not be required under the "Truth in Taxation" law. Seriously think about this... what is the building dept doing these days when there is no construction?! You have to wonder ...is Glen Ellyn is being run by some tax/spend democrats????
http://triblocal.com/downers-grove/2011/11/10/village-council-approves-128-million-budget-for-2012/ Heres one of the reasons... "Some of the decrease in taxes can be attributed to pension law reforms, which pared back the amount of money the village has to pay into police and firefighter pension accounts, village officials say." Didn't the same reforms effect Glen Ellyn?