Property taxes in Homewood next year will pay for less than one-fifth of the village’s general corporate services, which include most day-to-day municipal operations.
According to the tax levy ordinance approved at the Dec. 13 village board meeting, property taxes for general corporate purposes are estimated at $3,467,250 for the fiscal year that starts May 1, 2017. The total amount budgeted for general corporate services in the coming year is $18,777,339, with $15,310,089 from other revenue sources, most notably sales taxes.
The ordinance also includes . . .