The Village of Flossmoor’s 2022 tax levy is increasing 3.32% over last year’s extension amid a Consumer Price Index that has soared to 7%.
“Tax caps limit us to the lesser of 5% or the Consumer Price Index,” Finance Director Scott Bordui said. “The Consumer Price Index has been well above 5% for quite some time now.”
The Flossmoor Village Board voted 5-0 on Monday, Dec. 5, to approve its consent agenda, which included the final 2022 tax levy at $7.10 million. Trustee George Lofton was absent.
That . . .