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Pingree Grove board adopts estimated tax levy capped at 2.9% CPI increase
Summary
The Village Board approved a resolution establishing the estimated tax levy for taxes levied in 2025 and extended in 2026, applying the 2.9% CPI limit; staff said the village expects roughly $37,000–$40,000 in additional revenue next fiscal year and noted that growth has compressed the village's tax rate.
The Pingree Grove Village Board on Nov. 3 approved a resolution establishing the village's estimated tax levy for taxes levied in 2025 and extended in 2026, applying the maximum increase permitted this year under the state's property tax extension limitation law of 2.9 percent.
Albert, a village staff member, told trustees the levy increase is intended to help cover rising personnel and operating costs. "This year's percentage is 2.9%," he said, adding that because of growth the village's tax rate has actually declined as new construction spreads the levy across more properties.
Village staff projected the levy change will yield roughly $37,000 to $40,000 in additional revenue next fiscal year. Staff and trustees said that while the village's portion of a homeowner's tax bill is relatively small compared with other taxing bodies, ongoing growth creates infrastructure and maintenance obligations.
Trustees asked for a plain-language explanation trustees can give to residents about what the levy increase pays for. Staff said the additional revenue helps cover inflation-driven cost increases such as benefits and pension obligations and that, because of the property tax cap, failing to levy the CPI increase would forfeit revenue that could not be reclaimed without a referendum.
A trustee moved to approve the resolution; the motion was seconded and carried on roll call.
The resolution will be filed with the county as the village prepares final tax extensions next year.
