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Committee discusses shifting pension funding to a dedicated levy and risks from possible state changes
5854425 · July 18, 2025
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Summary
Members discussed whether to dedicate property-tax levy lines to pension funding, the potential effects of a state-level ‘tier 2’ pension rollback, and how alternate revenues might offset general-fund impacts.
Committee members and staff discussed the village’s pension funding approach and whether to shift more pension liability onto a separate property-tax levy line to increase transparency. "Right now, as it is, a portion of our pension liability gets paid through property tax directly," a committee member said. "The…
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