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Elgin hears Truth in Taxation statements as proposed property tax levy rises about 13%
Summary
At a Dec. 3 hearing, the city recited required Truth in Taxation figures showing proposed 2025 corporate/special purpose taxes rising from $55.98M to $63.65M (a 13.7% increase) and the proposed total levy to $65.61M (a 13.2% increase); no substantive public objections to the levy were voiced at the hearing.
City officials opened the required Truth in Taxation public hearing on Dec. 3 and recited the figures required by law before inviting public comment. Chief Financial Officer Deb Nawrocki told the council that corporate and special-purpose property taxes extended in 2024 were $55,983,629 and that the proposed corporate/special-purpose levy for 2025 is $63,648,790 — a 13.7% increase. Debt-service taxes…
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