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Addison board adopts 2025 tax levy, multiple bond abatements and several permits
Summary
At its Dec. 15 meeting the Village of Addison adopted a property tax levy for the 2025 fiscal year, approved abatements for several prior refunding bond issues, approved a special-use planned development at 2349 West Lake Street, accepted Highlands subdivision public improvements, and approved a raffle permit for a school event. All votes recorded were affirmative.
The Village of Addison board unanimously adopted an ordinance levying property taxes for corporate purposes for the fiscal year beginning May 2025 and ending April 2026 and approved a package of related ordinances and resolutions at its Dec. 15 meeting.
The board also adopted second-reading ordinances abating portions of the 2025 tax levy to pay interest and principal on prior general-obligation refunding bonds: $8,995,000 (series 2015), $9,525,000 (series 2016A), $2,130,000 (series 2016B) and…
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