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Highwood council abates bond levies, adopts 2025 tax levy ordinance
Summary
The Highwood City Council unanimously approved ordinances to abate tax levies for prior general-obligation bonds and adopted the city's 2025 levy; staff said the levy under consideration was about 4.9% though property growth may reduce the practical increase.
The City of Highwood City Council on Nov. 18 approved two ordinances abating tax levies for prior general-obligation bond series and adopted the city's 2025 tax levy ordinance, voting unanimously on each measure.
Council considered Ordinance 11.1 to abate the levy for a 2020 general-obligation bond (the transcript identifies the series and a $2,100,000 figure). City staff explained that an abatement allows principal and interest due on the bond…
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