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Elgin City Council approves first-reading budget and adopts higher property tax rate for 2025
Summary
The Elgin City Council held public hearings and approved first readings of the FY2025–26 budget and a proposed property tax rate of 0.619296 per $100 of value, which the city says will raise more revenue than last year and increase the average homeowner—s tax bill by about $135 for 2025.
The Elgin City Council on Sept. 2 held public hearings and approved first readings of the city—s proposed fiscal year 2025–26 budget and a property tax rate that city staff said will raise more revenue than last year. The council voted to advance the budget and ratified a proposed tax rate of 0.619296 per $100 of assessed value (the voter-approval rate), which city staff said represents an 8.64% increase from 2024.
City officials said the proposed budget reflects a fiscal "reset," projects a 7% sales-tax and 4% property-tax revenue growth, maintains funding for all 180 existing positions, and includes a planned 4% cost-of-living adjustment for city…
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