Marseilles council adopts tax levy and authorizes up to $430,000 in general-obligation bonds
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Summary
Marseilles City Council closed a Truth in Taxation hearing and adopted Ordinance No. 1900 establishing the city’s tax levy to coordinate with a newly authorized general-obligation bond (up to $430,000). Council also adopted two tax-abatement ordinances and scheduled county filing.
The Marseilles City Council voted to adopt a tax levy ordinance and authorized a general-obligation bond issue to support upcoming capital obligations.
Mayor Pro Tem Kaminski moved that the council adopt Ordinance No. 1900, the tax levy for 2025–2026, and that motion carried after a roll-call vote. The levy was presented as coordinating with a bond authorization introduced as Ordinance 18-99, which would allow the city to issue up to $430,000 in general-obligation bonds (Series 2026) to pay principal and interest on the debt. Mayor Pro Tem Kaminski introduced the bond ordinance and answered clarifying questions about its effect on the city’s portion of the tax rate.
A council member asked whether taking on the general-obligation debt would raise the city portion of the tax rate; staff noted recent equalized assessed value figures had been discussed at a prior meeting but did not provide a current cash estimate during the discussion. The council indicated the levy coordinates with the bond payment but did not present a precise dollar change to the city tax rate on the floor.
The council also adopted Ordinance 19-01 and Ordinance 19-02, each an ordinance abating taxes pursuant to prior ordinances (17-84 and 17-85) for 2025. Staff said the ordinances and related documents would be filed with LaSalle County on the stated filing date.
The immediate procedural step is filing the adopted levy and abatement ordinances with the county; no additional public hearings on the levy were announced at the meeting.