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Village considers tax levy changes amid record sales surge

December 03, 2024 | Lisle, DuPage County, Illinois


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Village considers tax levy changes amid record sales surge
In a recent government meeting, officials discussed the upcoming tax levy for the Village of Lyle, emphasizing the need for timely decisions due to a filing deadline at the end of the month. Village Manager ERT Mode highlighted the importance of submitting the levy promptly, noting that the village has experienced record-high sales tax revenues and a surplus from the previous year that remains undistributed.

A proposal was made to consider an abatement alongside the levy ordinance, but some officials expressed caution, suggesting that more information would be available by the next meeting on December 16. They indicated that this data would allow for a potential reduction of the levy by up to $750,000, based on the positive financial trends observed.

Trustee discussions revealed a consensus to table the abatement consideration until the next meeting, ensuring that adequate information is available to make informed decisions. A motion to approve the ordinance for the tax levy for the fiscal year beginning May 1, 2025, was made and seconded, with the understanding that further analysis on the abatement's impact on the budget would be provided by staff.

The meeting also addressed the extension of a contract with Red Speed Illinois LLC for an automated traffic law enforcement system, indicating ongoing efforts to enhance public safety through technology. The resolution for this contract was moved and seconded, signaling continued investment in community safety measures.

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Scribe from Workplace AI
Scribe from Workplace AI