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Village adopts 2025–26 tax levy, board stays below truth-in-taxation threshold
Summary
Trustees adopted an ordinance levying taxes for May 1, 2025–April 30, 2026. The board requested a 4.8% increase — below the 5% threshold that would require a truth-in-taxation hearing — and emphasized that equalized assessed value drives collections.
The Village Board adopted an ordinance on Dec. 4 levying taxes for the fiscal year beginning May 1, 2025 and ending April 30, 2026. Treasurer Mindy Olson told trustees the Village's request was for a 4.8% increase, which she said falls below the 5% threshold that would trigger a truth-in-taxation hearing.
President Richard Samples noted the Village does not set equalized assessed values, which determine collections, and said other local units (including Jacksonville School District) are requesting higher levies. Attorney Roland Cross observed many municipalities typically request near the permitted maximum in line-item percentage. The ordinance passed by unanimous roll call.
No specific dollar total of the levy was stated in the minutes; trustees discussed percentages and statutory procedures rather than tax-rate mechanics.
