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Ladd board approves FY26 tax levy with 5% increase totaling $23,000
Summary
The Village of Ladd adopted Ordinance 1201 setting the FY26 tax levy at a 5% increase (noted in the minutes as $23,000). Trustees voted unanimously on Dec. 9 after Attorney Pat Barry outlined state hearing thresholds.
The Ladd Village Board adopted Ordinance 1201 during its Dec. 9 meeting, setting the fiscal year 2026 tax levy at a 5% increase compared with the previous year; the minutes record that increase as $23,000. Trustee Bernie Victor moved to adopt the levy and Trustee Molly Thrasher seconded; the board recorded unanimous ayes including President Frank Cattani.
Village Attorney Pat Barry reviewed the levy process and noted state law limits a 5% increase without a truth-in-taxation hearing. Trustee Dan Nelson asked whether the 5% increase was sufficient; Attorney Barry responded that auditors report the Village is in strong financial condition. The ordinance passage establishes the levy amount for May 1, 2025'April 30, 2026.
