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Urbana council adopts levy and abates certain bond levies, staff stresses abatement keeps tax rate stable
Summary
Council approved a 2025 levy estimate of $12,053,950 (a 7.57% increase over last year's extension) and passed abatement ordinances that staff said will prevent the tax rate from rising; council discussed how levy, assessments and abatements interact and how certain bond levies will be paid from project revenues.
The Urbana City Council adopted an ordinance levying taxes for fiscal year 2025‑26 and separately approved abatement ordinances intended to keep the city's tax rate stable. Staff presented the $12,053,950 levy figure as the estimate for the coming year and explained that the levy amount does not automatically mean each taxpayer's bill will rise by the same percentage.
Finance staff explained the…
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