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O'Fallon staff previews 2025 tax‑levy estimates and asks council to suggest Build O'Fallon Trust projects
Summary
Finance staff presented preliminary property‑tax levy estimates and recommended a $50,000 annual abatement from a one‑time state IMRF payment; council and staff also opened a discussion of Build O'Fallon Trust capital priorities including parks, Bonita Bridge and a tourism website plan.
Sandy (finance staff) presented a preliminary 2025 tax‑levy estimate and a package of capital‑project planning topics to the committee. The presentation was described as preliminary and subject to county EAV (equalized assessed value) updates, Board of Review adjustments and ongoing valuation changes.
Staff recommended a multi‑year approach for an IMRF shortfall: last year the state provided a one‑time payment (about $270,000) to offset disabled‑veteran exemptions; that state aid was not renewed. To soften…
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