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Elgin proposes $65.6M property tax levy for 2026 as officials weigh $4.2M budget gap
Summary
City staff told the Committee of the Whole on Nov. 12 that the proposed 2026 budget would increase the general fund levy and raise the city’s 2026 receipts to $65.6 million (a $7.7 million or 13.2% increase), intended to help close an estimated $4.2 million shortfall while preserving core services.
City of Elgin leaders on Nov. 12 unveiled the proposed 2026 budget and a recommended increase in the city’s general fund levy, saying the levy hike is aimed at closing a roughly $4.2 million shortfall and preserving public services.
Deb Naraki, the city’s finance director, told the Council’s Committee of the Whole that the proposed tax‑year 2025 levy to be received in 2026 would be $65.6 million, up about $7.7 million (13.2%) from the previous levy of $57.9 million. The administration’s 2026 revenue projection for all funds is $181.2 million, compared with a 2025 estimate of about $177.7 million.
The staff presentation said the…
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