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Maywood holds public hearing on proposed 2018 real estate tax levy; ordinance placed on Dec. 18 agenda
Summary
At a Dec. 4 board meeting, Maywood officials heard a presentation on a proposed 5% increase to the 2018 real estate tax levy and voted to place a levy ordinance on the Dec. 18 agenda after public comment and trustees' questions about TIF eligibility and residential impacts.
The Village of Maywood held a public hearing on Dec. 4 on its proposed 2018 real estate tax levy, and trustees voted to place an ordinance for final action on the Dec. 18 board agenda.
Finance Director Lanya Satchell presented the levy components and said the recommended package reflects a 5 percent overall increase — about $628,000 — with the Corporate Fund at $13,188,381, a Recreation Fund allocation of $150,000, the Police Pension at $3,988,248 (a 4 percent decrease) and the Fire Pension at $2,940,553 (a 9 percent…
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