The Homewood Village Board held a Truth in Taxation hearing on Dec. 9, where the board approved three 2025 real estate tax ordinances with an increase of 3.4% over last year. According to Finance Director Amy Zukowski, the levy will be used to shape the fiscal year 2026-27 budget. There[Read More…]
Tag: homewood taxes
Homewood considers 2025 tax levy options among rising pension costs
Homewood officials presented village trustees with 2025 property tax levy options to assist with pension funding requirements. As higher pension and insurance costs continue to put pressure on the General Fund, Homewood Village Manager Napoleon Haney, Finance Director Amy Zukowski and Assistant Finance Director Lindsay Cabay explained the background and[Read More…]
Homewood board agrees to implement new 1% non-home rule local sales tax
At the Sept. 9 meeting, the Homewood Village Board agreed to implement the new 1% non-home rule local sales tax. The move will raise Homewood’s current 9% sales tax to 10%, and will go into effect on Jan. 1, 2026. Information on the new sales tax was presented and discussed with[Read More…]
Dist. 233 business manager: $58m budget will be balanced
The District 233 proposed 2020-21 budget of $58.15 million will be balanced, according to Lawrence Cook, the district’s business manager. At the same time, Cook stressed that “due to these unprecedented times, actual budgetary needs may result in additional savings or more spending” at Homewood-Flossmoor High School. The school board[Read More…]
Homewood temporarily suspends places for eating tax
Restaurants in Homewood were given some relief by the village board Tuesday, as the town’s “places for eating” tax was suspended for March, April and May. The board approved the measure 6-0 via conference call. Only Mayor Richard Hofeld, Village Manager Jim Marino, Finance Director Dennis Bubenik and Village Attorney[Read More…]
Village expects three percent property tax hike
Homewood residents should expect to see a small increase in their property taxes next year. Finance Director Dennis Bubenik provided the village board with an overview of the tax levy at its Nov. 12 meeting.
Public hearing for new TIF district in Homewood set for Tuesday
The Village of Homewood will host a public hearing at 7 p.m. Tuesday to provide information and invite comment about a proposed tax increment finance district on the site of the former Bogart’s Charhouse. The hearing will include a report from the Joint Review Board, which includes representative from other[Read More…]
Tax incentive renewal delayed for Homewood property
The Homewood village board tabled the renewal of a tax incentive for a local business at its Jan. 22 meeting. A Class 8 tax designation for a Shell gas station and strip mall at the intersection of Ridge Road and Halsted Street stalled after Trustee Jay Heiferman said it was a chance for[Read More…]
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