Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director recommends modest levy increase; council signals support for middle option to fund pensions and emergency services
Summary
Finance Director Joanie presented four levy scenarios tied to a 9.5% equalization increase in assessed value and recommended funding special levies (police pension, IMRF, Social Security) with a modest levy rise; council signaled majority support for the 'green' option that staff said would increase the levy by about 4.13% while reducing the tax rate.
Finance Director Joanie reviewed the city’s 2025 tax‑levy options and the calendar for setting a tentative levy. She told the council the city is using a projected equalized assessed valuation (EAV) of about $474,000,000 and that the state’s equalization factor for the area is roughly 9.5 percent.
Joanie laid out four scenarios: keep the levy rate the same (blue); fund special levies in full (green); use only the portion attributable to new development (yellow); or keep the levy amount unchanged (orange). "I would be comfortable…
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
