Maywood board adopts estimated 2018 property tax levy in 3–2 vote

The Village of Maywood Board of Trustees voted 3–2 on Nov. 20 to accept a resolution determining the estimated 2018 property tax levy, endorsing a staff recommendation for a 5 percent increase to the corporate fund.

Director of Finance Lanya Satchell told trustees the recommended 5 percent increase would support infrastructure improvements, the village's match requirements for grants, litigation costs, contractual obligations, and insurance expenses. Satchell said the change would not raise residential tax bills because the village's equalized assessed valuation had increased by "over 13 percent," according to the minutes. Staff and the village manager said they would provide a calculation sheet with further detail at the next meeting ahead of the Tax Levy public hearing.

Trustee K. Wellington moved to accept the resolution and Trustee A. Sanchez seconded. The resolution passed with Trustees H. Yarbrough, A. Sanchez and K. Wellington voting yes. Mayor Edwenna Perkins and Trustee I. Brandon voted no. The minutes record no further amendments to the levy at that meeting.

Trustees asked clarifying questions about how the additional revenue would be allocated and the effect on residents; Finance staff said the increase is intended to preserve services and provide matching funds for capital projects. Manager Willie Norfleet said he would bring more detailed calculations at the next meeting so the board and the public can review the levy prior to the public hearing.

Next steps: the village will publish the required notice for the Tax Levy public hearing and present the detailed levy calculations at a subsequent meeting.