The Homewood-Flossmoor Park District is proposing an estimated 2020 levy of $5,479,473, reflecting a slight increase.
Under Illinois’ tax cap law, government bodies are allowed to increase taxes yearly by 5% or the Consumer Price Index, whichever is less. The CPI for this year is 2.3%.
Sharon Dangles, superintendent of finance and administration, told commissioners at their Oct. 20 meeting that the Equalized Assessed Valuation (EAV) has dropped 2.8% from the previous year. That drop is forcing an increase in the tax rate of 0.9% from 0.89% to . . .