Village adjusts police referendum
By Lynn Meredith
on January 9, 2009
by Lynn Meredith
The Maple Park Village Board amended the proposition it approved in December to place a referendum for police services on the April ballot so that it would yield the dollars necessary to operate the department.
In December, the board voted to raise the tax levy limitation from .51 to .56. However, Village Attorney Pat Bond reported that the increase would not yield the amount needed to operate the Police Department.
He suggested the board increase the tax rate from .35 to .40. Raising both the levy limitation and the tax rate will yield an additional $16,000 to $20,000 for the village.
A levy is the amount the village requests in order to satisfy its budget expenditures. It levies taxes to accommodate those obligations.
A rate is the amount that will be collected. It represents the amount assessed on each property. These rates yield a certain number of dollars the village gets back from the County Clerk.
If the referendum passes, the owner of a $100,000 house would see an increase in taxes of approximately $16.