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Village Board previews tentative $4.88 million budget, proposes $3.03547 tax rate
Summary
The board reviewed a tentative $4,880,066.65 budget for fiscal year June 1, 2025—May 31, 2026, with a proposed levy of $515,457.03 and a proposed tax rate of $3.03547 per $1,000 on an assessed value of $169,152,369 (1% increase).
The Village Board entered the budget meeting with a tentative total proposed budget of $4,880,066.65 for the fiscal year starting June 1, 2025. The transcript records the village—s total assessed value for 2025/2026 as $169,152,369, an increase of 1% from the prior year.
The proposed amount to be raised by taxes in the draft budget is $515,457.03, which corresponds to a proposed tax rate of $3.03547 per $1,000 of assessed property value. The board did not finalize the levy during this meeting; the figures were presented for review as part of the tentative budget process.
