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Itasca board approves levy resolutions, acknowledges police pension report
Summary
The Village of Itasca board approved a batch of levy-related resolutions and ordinances on Nov. 19, 2024, including an estimate of the 2024 tax levy and several special-service-area levies; the board also acknowledged the police pension actuarial valuation and heard a recommended $2,466,000 contribution.
The Village of Itasca Board of Trustees on Nov. 19 voted to advance several tax-levy measures and acknowledged the police pension actuarial valuation for the fiscal year ending April 30, 2024.
Trustee Powers, presenting the Finance and Operations Committee package, said the village must file its property tax levy with DuPage County under Truth in Taxation rules and is limited to the lower of the consumer price index (3.4% cited) or 5% for non–home-rule municipalities. He recommended levying an additional 2–3% to capture expected new growth so the…
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