The 2023 Tax Levy was approved by the Board of Trustees on December 4, 2023 under Ordinance 2023-13. The amount levied is less than the Consumer Price Index of 7% and the Property Tax Extension Limitation Law (PTELL) of 5%. A Truth in Taxation Hearing was not required. Below is a breakdown of the levy request:
2023 Levy Request | 2022 Extension | |
Corporate | $572,250 | $545,000 |
Liability Insurance | 42,000 | 40,001 |
Audit | 10,500 | 10,001 |
Parks & Recreation | 68,250 | 65,001 |
Social Security | 63,000 | 60,001 |
Police Protection | 183,750 | 175,001 |
Street Lighting | 4,460 | 4,250 |
Total Levy |
$944,210 |
$899,255 |
Per State law, a Revenue Recapture of $1,773.35 will also be levied.