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VOL. 20 • NO. 51
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THURSDAY, Dec. 17, 2015
Tax levy lowers amount about $60 per household Economic conditions positively impacting other City revenue sources
2015 tax levy is $7,249,000, a 1.5 percent increase over the prior years. The Committee considered several factors in its deliberation including the following:
• Current economic conditions are continuing to positively impact the City’s other major revenue sources such as sales tax, real estate transfer tax and building permit fees.
• Based on fiscal year 2015 and 2016 financial projections, the General Fund balance is projected to be above the prescribed City Council policy of 25 to 33 percent of
actual General Fund expenditures at the end of both fiscal years 2015 and 2016. The Committee discussed at
See LEVY, Page 3
By Dan McLeister For The Elmhurst Independent
photo provided
Making spirits bright… and warm! As part of its Mission for Giving, Immaculate Conception Catholic Prep (ICCP) Theology teacher Sarah Tardiff and her Catholic Social Teaching class, pictured here, made blankets for children at Loyola University’s Ron-
Inside:
Police Reports...........6 Sports ��������������� 32-37 Viewpoint ����������������8 Classifieds..........43-44
ald McDonald Children’s Hospital. The blankets will be hand-delivered by the ICCP students to some very grateful young patients before the Christmas holiday. More photos inside this issue.
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ELMHURST — The 2015 tax amount on the average Elmhurst household will be reduced by nearly $60 cumulatively, according to the Finance, Council Affairs and Administrative Services (FCAAS) Committee. The figure comes from the combination of the zero increase in the tax levy for two years by the City in the portion of the tax bill it controls, and the additional abatement in debt service of $500,000 in 2014 and $1 million in 2015. The City’s tax levy of $9,444,616 reflects a zero percent increase compared to the prior year and includes the customary components of police pension, firefighters’ pension, other retirement expense, ambulance and fire protection. These levy components were discussed in light of a potential tax freeze legislation being proposed by the state legislature, but no changes were recommended at this time, said Kevin York (4th Ward), chairman of the FCAAS Committee. The Elmhurst Public Library
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