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Waukegan sets proposed 2025 levy at $34.58M (total $37.27M) and retains option to consider bonds later
Summary
City Council recommended a proposed aggregate tax levy for 2025 of $34,581,683 (total levy $37,270,341 inclusive of debt service), keeping the levy at a 0% increase; councilors discussed abatements, use of home‑rule sales tax, and a non‑binding inducement resolution to keep an 18‑month bonding option open.
On Nov. 17 the Finance & Purchasing Committee recommended that the City Council determine a proposed aggregate tax levy for tax year 2025 of $34,581,683, with a total levy of $37,270,341 inclusive of debt service. Staff emphasized the proposal reflects a 0% increase from the city’s portion of the levy—Waukegan’s sixth consecutive year at a 0% city levy—while the total dollar figure…
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