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Antioch finance director says proposed 2024 tax levy stays below PTELL hearing threshold
Summary
Village finance staff presented an estimated 2024 tax levy tied to a 3.4% CPI cap; officials said the levy increase falls under the 5% PTELL threshold and a public hearing will not be required, though several trustees asked questions about EAV changes and pension obligations.
The village's finance director presented the estimated tax levy for tax year 2024 and told the board the village is operating under the Property Tax Extension Limitation Law (PTELL). The director said the Consumer Price Index to be applied for this levy is 3.4% for 2024 and that the village's planned levy increase remains below the 5% threshold that would trigger a statutory public hearing.
The…
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