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Antioch staff lays out levy options as board weighs voluntary property tax cut
Summary
Village staff presented four scenarios for the village property tax levy — including a voluntary reduction to 3% — and trustees debated the tradeoffs between reducing taxpayers' costs and meeting obligations such as a $137,719 police‑pension funding need.
Director Michael Peterson presented the village's options for the property tax levy during the March 11 Village of Antioch board meeting, laying out scenarios that range from maintaining the current levy to voluntarily reducing the increase to 3%.
Peterson told trustees the village would receive a final Lake County worksheet in mid‑March that will allow staff to file a voluntary reduction. "When I receive that worksheet, then I can…voluntarily reduce the property taxes if that's your direction and decision," he said, describing option models that show different impacts on the general fund, the police pension and long‑range forecasts.
Why it matters: the board must balance resident affordability against statutory funding needs. Staff and trustees…
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