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Mokena SD 159 requests $21.35 million levy; Truth in Taxation hearing set for Nov. 20
Summary
The Finance Committee reviewed the district's levy timeline and reported a requested levy of $21,351,000; a Truth in Taxation hearing is scheduled for Nov. 20, 2024 to consider the levy and related fund adjustments.
Committee members were presented with a levy timeline and the district's request to set the 2024 levy at $21,351,000. The minutes list specific fund and rate proposals the district plans to seek: an increase to the transportation levy; adjustments to IMRF/SS fund balances; O&M Fund 21 at 0.30 and O&M Fund 20 at 0.216; bond and interest extension remaining at $545,575; and an overall tax rate described as stable.
The district scheduled a Truth in Taxation hearing for Nov. 20, 2024 to take public comment and consider the proposed levy. The Finance Committee recorded the timeline and recommended that the process proceed to the public hearing; no final levy adoption is recorded in these committee minutes.
