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Special meeting: trustees approve IMRF resolution, annual appropriation and levy ordinances
Summary
In a special meeting that followed closed session, trustees unanimously approved a resolution to include compensation paid under an IRC Sec. 125 plan as IMRF earnings and passed the annual appropriation ordinance, annual tax levy, ordinance determining amount to be raised by taxation, and a Truth in Taxation certificate of compliance.
After returning from closed session, the board convened a special meeting and completed several routine finance measures. Trustee Nelson moved to approve a resolution to include compensation paid under an IRC section 125 plan as IMRF earnings; the motion was seconded by Louis and passed with a unanimous voice vote.
The board then approved the annual appropriation ordinance (motion by Nelson, second by Dees), the annual tax levy ordinance (motion by Broccardo, second by Nelson), an ordinance determining the amount of money to be raised by taxation (motion by Nelson, second by Dees), and the Truth in Taxation certificate of compliance (motion by Paso, second by Jaeger). Each measure passed with "all ayes." These approvals enact the fiscal year spending and tax-levy framework the village will use for budgeting and property-tax calculations.
No dissent was recorded in the roll calls reported in the transcript; trustees indicated these were standard annual motions required for municipal budgeting and compliance.
