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County tax official recommends slight cut to M&O rate; court reviews fund balance and filing timeline
Summary
Kendall County tax staff proposed a maintenance-and-operations rate of 0.373 (about 0.4 of a penny reduction) and reviewed fund-balance levels. Commissioners discussed fund-balance targets and set dates for budget filing and public hearing in August.
County tax staff reviewed current valuations and recommended proposing a maintenance-and-operations rate of 0.373 per $100 valuation — a small drop intended to come in under the 'no new revenue' benchmark — to simplify the required hearings. The assessor noted new improvement values were lower than last year (roughly $372M this year versus $450M previously) and explained how the no-new-revenue calculation and voter-approval rate interact.
Commissioners discussed fund-balance levels, reserve targets (30% minimum), and timing to file the budget and publish the legally required notices. Staff proposed an internal review meeting on Aug. 10 with filing on Aug. 11 and a public hearing on Aug. 25; commissioners asked staff to produce a final proposed budget and a one-hour review session on Aug. 10 to finalize figures for publication.
