Homewood District 153 board of education approved a 2025 levy of $22.63 million. The levy will raise an estimated $580,000 in new revenue. Under Illinois law, governing bodies can increase the levy by 5% or the Consumer Price Index, whichever is less. CPI is 2.9%, so the levy reflects that[Read More…]
Tag: taxes
Flossmoor’s 5-year financial projections call for revenue increases to maintain services
Flossmoor trustees got a look at the village’s five-year financial projections that showed positive improvements, as well as possible revenue enhancements to offset financial threats. Village Financial Director Ann Novoa and Village Manager Bridget Wachtel presented the projections to the board at the Oct. 20 board meeting for fiscal years[Read More…]
Illinois Department of Revenue urges late tax filers to take action
The Illinois Department of Revenue (IDOR) is reminding taxpayers who missed the April 15 income tax filing deadline that it is not too late to file and that prompt action can help minimize penalties and interest if a balance is owed. “While the filing deadline has passed, the longer you[Read More…]
Two board members vote against H-F tax levy
The Homewood-Flossmoor High School District 233 school board approved its 2018 tax levy, but not without objections from two board members. The levy includes $33,088,000 for the education fund; $3,763,329 for operations and maintenance; $625,000 for Illinois Municipal Retirement Fund; $1,200,000 for social security; $1,135,000 for transportation; $5,000 for working[Read More…]
Halfway through budget year, Flossmoor board cautiously optimistic
With an active six months of the 2017-18 fiscal year under its belt, the village of Flossmoor faces some potentially tough financial decisions. As the board of trustees wrestles with questions about infrastructure improvements, residents must consider approving a sales tax increase that village administrators claim is critical to keep[Read More…]
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