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Antioch board sets preliminary 4.98% levy estimate and plans voluntary reduction after receipts are known
Summary
The board approved an estimated 4.98% tax levy increase (estimate of $4,729,000) to be collected in 2026, with a plan for the finance director to monitor revenues from a newly adopted municipal retail occupation tax and voluntarily reduce the levy in March after actual receipts are known.
The Antioch Village Board on Nov. 12 approved a resolution determining estimated amounts to be raised by taxation for 2025 (to be collected in 2026), setting an initial levy estimate 4.98% above the prior year.
Finance director Michael (addressed in the meeting) told trustees the estimate is a first step in the levy process and that the village—xpects to be under the 5% threshold…
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