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QuickStory: City of Geneva Holds Tax Levy to .44% Increase

The impact on a $300,000 would be $20—and only if the city's Equalized Assessed Value doesn't go down.

 

Geneva aldermen voted unanimously Monday night to pass a tax levy that's just .44 percent higher than last year's.

For the owner of a $300,000, that translates to less than a $20 increase in the city's portion of the property tax bill—and that's only if the city's Equalized Assessed Value doesn't go down.

The .44 percent increase in the levy "represents exclusively the new growth," Mayor Kevin Burns said. "In my opinion, (it is the) most conservative approach of the options available."

City staff members had recommended seeking the maximum levy increase: 3 percent based on the Consumer Price Index, as allowed this year under tax-cap legislation, plus the .44 percent EAV represented by new development.

The decision to hold the levy in line was accomplished by polling and conversations with City Council members and coming up with a consensus of opinion, Burns said.

Last year, aldermen ran a sort of end-around, voting against the levy recommendation in a deadlocked vote twice, with Mayor Kevin Burns casting the tie votes. They held a special City Council meeting Dec. 12, 2011, following the Committee of the Whole meeting, and approved the lower levy amount of $4,597,063—holding the line on the number of dollars the city would levy year over year.

That's basically what the City Council did again Monday night, approving a levy of $4,616,851—less than $20,000 more than the previous year's levy.

On Monday night, the council also voted to approve the levies for its various special services areas. Officials said all of the levies stayed about the same as last year's, with the exception of the Fisher Farms Special Services Area No. 16 in the amount of $154,000. The homeowners association in that neighborhood asked for the higher dollar amount to pay for specific improvements and maintenance.

Related Topics: 2012, City of Geneva, Quickstory, and Tax Levy

Jay Moffat

10:33 pm on Monday, December 3, 2012

Great job! Thank you for holding the line again.

Reply

Robert Jr.

7:09 am on Tuesday, December 4, 2012

National Debt:U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 04 Dec 2012 at 01:00:02 PM GMT is $16.3 Trillion.The estimated population of the United States is $313,989,370
so each citizen's share of this debt is $52,179.06. This is about 200% of the annual household income. It is not sustainable,and is an indicator that at this time, we are insolvent without the printing press of the Treasury.

The State of Illinois is operating at a deficit - the estimate for Illinois tax payers to pay down debt is $43 billion with every man, woman and child owing $3,500 today.

The Pension Spiking costs tax payers an extra $125 a year.

The Levy costs another $20 a year.

Hey public employees and public management: Get your financial house in order. We tax payers are about to go on strike.

Then what will you do?

Oh yea, the public pensions are not funded yet - making promoises that are not affordable is not a good practice for public finance. Expecting citizens to pay for your joy ride through taxes is a strategy that does not have a long term future... now what? Try cutting costs before it is too late.

Reply

Sandra Ellis

8:10 am on Tuesday, December 4, 2012

That is good news! I only hope the School Board hears the message and votes for a tax increase FREEZE based on the revenues they received this year. They have indicated they want a 1.5% increase which will bring them in over $2million more than this year and they haven't even done the budget yet? The vote will be Monday, Dec. 10, at the regular School Board Meeting at 7pm at Coultrap! The public will have opportunity for comments before the vote is taken and after the vote is taken. If you want to speak, just fill out the request form at the desk where you sign the attendance sheet.

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