Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Galesburg council votes to limit 2025 property-tax levy to avoid Truth-in-Taxation hearing
Summary
Council adopted a resolution confirming the city will not seek a levy more than 5% above 2024 levels, which staff said avoids a Truth-in-Taxation public hearing; staff noted most levy dollars fund public-safety pensions and projected the city's tax rate to decline.
The Galesburg City Council voted unanimously to pass a resolution limiting the 2025 property-tax levy to no more than a 5% increase over the 2024 levy, removing the requirement to hold a Truth-in-Taxation public hearing.
City Manager Mr. Hansen explained the resolution's purpose: "Staff recommends that the resolution to limit the 2025 property tax levy to no more than 105% of the 2024 property tax levy extension be passed," and he said, based on the budget workshop figures, the city's tax rate is expected to decline slightly. Councilmembers asked whether the action meant an outright tax cut; Hansen clarified the resolution confirms intent to stay below the 5% threshold and that the largest share of levy revenue goes to public-safety pensions.
Councilmember Hunnigan pressed for detail on where levy dollars are allocated; Hansen said the city is about 20% of the tax bill, about 5% goes to the library, and the remainder goes to other taxing bodies, and he directed residents to the city's annual report for a detailed breakdown. The resolution passed by unanimous voice vote and will inform the FY2026 budgeting process.
