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Lisle trustees signal consensus to capture new construction in 2025 property-tax levy
Summary
After a staff presentation of four levy scenarios, trustees expressed consensus to proceed with option 2 — capture anticipated new construction — and directed staff to prepare a levy ordinance for the Dec. 15 meeting; no formal vote was taken to set the levy, and abatement choices remain for later action.
Deputy Village Manager and CFO Mitchell presented four options Tuesday for the Village of Lisle's 2025 property-tax levy and asked the Committee of the Whole for guidance so staff could prepare an ordinance for the Dec. 15 meeting.
Mitchell said the village levies for general corporate purposes, police protection, IMRF, FICA, police pension and liability insurance. He estimated the 2025 Equalized Assessed Valuation (EAV) at about $1.36 billion, a 3.71% increase over the prior year, and reviewed how the Property Tax Extension Limitation Law constrains levy increases to the lesser of 5% or the prior-year CPI plus new construction.
Staff prese…
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