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City staff reviews 2025 tax digest and millage options; rollback calculated at 5.093 mills
Summary
Ron Shelby briefed council on the 2025 tax digest: M&O rollback calculates to 5.093 mills, new construction growth exceeded budget assumptions, parks bond debt service increases the total millage, and staff presented a potential M&O of 5.065 mills as a modest tax reduction option for council consideration.
City finance staff presented the 2025 tax digest and millage analysis at the Woodstock City Council work session on Aug. 18, offering council possible millage adjustments that would result in a small tax decrease.
Ron Shelby told council the city’s maintenance and operations (M&O) millage for the current year is 5.223 mills and that new construction growth was 6.69% (net new construction value…
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