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Normal council approves 2025 property tax levy for pensions; abates $5.02 million debt-service levy
Summary
The Normal Town Council on Dec. 8 approved a property tax ordinance to advance pension and retirement funding and separately abated roughly $5,017,000 in projected debt-service levy after staff said general revenues will cover those payments.
The Normal Town Council approved an ordinance on Dec. 8 authorizing the 2025 property tax levy intended primarily to fund retirement and pension obligations and the Normal Public Library, and separately approved an ordinance to abate the portion of the levy budgeted for debt service.
Staff presented the levy ordinance and told the council the measure directs levy revenues toward police and fire pensions, Illinois Municipal Retirement Fund (IMRF) obligations for nonunion employees and Medicare-related retirement costs. "The what you have before you is the property tax levy and proposed ordinance that reflects the conversation from our November meeting," staff member…
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