Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Abatement topic
No spam. Unsubscribe anytime.
Village to seek $255,890 property tax abatement for 2019A G.O. bond
Summary
Administrator Podgorski told trustees the G.O. Bond Series 2019A has about one year until maturity and staff proposes a $255,890 abatement for the 2025 property tax levy; the item is scheduled for the March 17 VBM agenda.
Village Administrator Podgorski presented a proposed property tax levy abatement tied to the Village’s G.O. Bond Series 2019A, stating the bond has approximately one year until maturity and the recommended abatement amount for the year is $255,890. Podgorski said staff will place the abatement on the March 17, 2026 village board meeting agenda for potential formal action.
No formal vote on the abatement occurred at the Committee of the Whole meeting; trustees received the presentation as a staff recommendation. The abatement, if approved by the board, would reduce levy proceeds applied to that bond in the current tax cycle.
