Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Maywood trustees set estimated 2014 tax levy after pension cost increases
Summary
Trustees approved a resolution setting the village's 2014 estimated tax levy after staff said actuarial updates raised Police and Fire pension levy needs; officials also discussed reallocating levy to collect recovered-value EAV from a terminated TIF district and scheduled the public hearing notice.
The Village of Maywood Board of Trustees on Nov. 17 approved a resolution determining the village's estimated 2014 real property tax levy after staff outlined pension-driven increases and changes in equalized assessed value.
Finance Director Lanya Satchell told trustees that actuarial studies had increased levy needs for village pensions, with the Police pension up about 11.5% and the Fire pension up about…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat