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Oswego board adopts 2025 property tax levy, five‑year CIP and 2026 budget
Summary
The Village of Oswego Board adopted an ordinance levying property taxes for 2025, approved a $244.8 million multiyear capital improvement plan and adopted the village's 2026 spending authority, while approving routine consent items including contracts and a small real‑estate donation.
The Village of Oswego Board of Trustees on Nov. 18 adopted an ordinance levying property taxes for the 2025 tax year, approved a multi‑year capital improvement plan and adopted the village-wide spending authority for fiscal 2026.
The board approved a proposed 2025 levy of $1,989,240 — an increase in levy dollars of $144,201 from the current levy of $1,845,047 — while staff said the levy rate is calculated using an estimated equalized assessed value (EAV) that grew just over 10% and that the village's tax rate would decrease by about 2%, remaining the lowest on record for the village. "The full property tax levy does go to the police pension," finance staff Andrea said during the public hearing, describing the EAV update and the…
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