Tuesday, December 7, 2010
The four tax levies will be voted upon at the Dec. 20 meeting.
- GOVERNMENT
- Bob Bajek
-
Tuesday, December 7, 2010
The city council read the property tax levy and three special district levies—which will be voted on Monday, Dec. 20—in the city council meeting yesterday, Monday, Dec. 6 at City Hall. The property tax levy will be $21,303,887—$18,527,633 after abatements on the debt service levy. He said $14,988,095 will go to general services and the remaining $3,539,538 will go to debt. Rose also read six ordinances for the levying and appropriation of taxes in three special service areas. Special Service Area Number Two is for downtown parking in the central business district and will be $43,500. "This levy was created years ago to raise revenue lost from removing the parking meters downtown," Rose said. Special Service Area Number Three levy will …
Thursday, December 2, 2010
Rose said with a stabilizing economy, the levy could be less while maintaining city programs and services.
- GOVERNMENT
- Bob Bajek
-
Thursday, December 2, 2010
Editor's Note: Milton Township Assessor Bob Earl was not involved in setting the tax levy. Wheaton's City Council announced the proposed property tax levy of $18,527,633 for next year will be less than the last year's during a planning session yesterday, Monday, Nov. 29. The levy will have its first reading during the City Council meeting Monday, Dec. 6. Robert Lehnhardt, director of finance, put together the annual five-year forecast, determining monies needed for operations, according to Rose, projecting the tax levy enacted to complete the property taxes Wheaton receives. "It appears in the forecast as we look at other factors like modest growth in the economy, small increases in revenues and modest growth in our employee-related …
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City of Wheaton City Hall
303 W Wesley St, Wheaton, IL
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Monday, November 1, 2010
A future tax levy to complete property tax rates will be voted on the Dec. 6 city council meeting.
Wheaton homeowners will see their property's assessed tax value depreciate significantly after years of appreciation. Milton Township Assessor Bob Earl said the properties' Equalized Assessed Value will decrease 3.75 percent with more than 95 percent of Wheaton residents' homes receiving that depreciation rate. The Equalized Assessed Value is a third of a property's market value. The Milton Township (Wheaton, Glen Ellyn, parts of Lombard, Downers Grove, Carol Stream, Glendale Heights, Winfield, Naperville, Lisle and unincorporated DuPage County) has approximately $16.489 billion in property value and $5.49 billion in assessments. Milton Township uses a three-year moving average when making its assessment rates, resulting in the 3.75 …
Tuesday, October 26, 2010
City budget ahead of projections, but state still behind in payments.
- GOVERNMENT
- Bob Bajek
-
Tuesday, October 26, 2010
The Wheaton City Council announced 33.4 percent of the city's Fiscal Year 2010-11 budget was collected despite still waiting for income tax from the state at the City Council planning session yesterday, Monday, Oct. 25 at City Hall in Wheaton. City manager Donald Rose said in the first quarter report that began May 1 and ended July 31, Wheaton collected $11,943,698 of the fiscal year's $35,711,483. Ninety-one percent of the revenues came from taxes. The city collected $730,000 more in property taxes during the first quarter because of the 2009 property tax levy, a $1 million increase. The sales tax in June 2010 saw $27,810, or, 5.9 percent more in tax revenues than June 2009. Expenditures were reported at $8,933,769, which was $210,071 …
brett
4:02 pm on Thursday, December 2, 2010
Uh, the headline here is absolutely incorrect (Read the second to last graph here http://wheaton.il.us/government/documents.aspx?id=5435) and if you do the math on the two large numbers in the first two graphs, the difference is $11. more ›