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New Lenox board holds public hearing and adopts $4,008,610 2025 tax levy
Summary
At a public hearing the New Lenox Village Board reviewed a proposed $4,008,610 2025 tax levy tied to new growth and state equalization adjustments; the levy, which funds pensions and employer retirement costs, was adopted as part of the meeting’s consent agenda.
The New Lenox Village Board held a public hearing on the proposed 2025 tax levy and adopted the levy as part of a consent agenda vote.
Kim, speaking at the hearing, said the proposed 2025 levy totals $4,008,610 and that the total increase over the 2024 levy exceeded the 5% threshold that triggers the required public hearing. Kim cited estimated new growth of about $36,300,000, a consumer price index set by the Illinois Department of Revenue at 2.9% and an equalization factor of 6.9% as drivers of the increase. “All of this levy will be used for mandated pensions such as police pension,” Kim said, adding the balance would fund the employer portion of IMRF and Social Security.
Kim also described an abatement ordinance included in the packet that would abate 100% of general obligation debt totaling $10,040,989. On the village portion of the tax bill Kim said first that it was “just under 4%” and then stated, “Actually, it’s 33.58% based on the 2024 rates,” reflecting the figures presented during her explanation.
Why it matters: the village’s levy determines the property-tax portion that supports pensions and employer retirement costs and triggers review when the total increase exceeds the statutory notice threshold. The board included the ordinance adopting the 2025 tax levy on its consent agenda and approved the consent agenda by roll call vote.
The adoption was approved as part of the consent agenda motion that passed by recorded vote; the board did not receive public speakers on the levy at the hearing. The ordinance and related abatement are on the village record for implementation following the board’s approval.
