Village of South Elgin Village Board met Nov. 18.
Here is the minutes provided by the board:
1. OPENING CEREMONY
A. Call to Order
The Public Hearing was called to order by Village President, Steve Ward at 7pm at Village Hall, 10 N. Water Street, South Elgin, IL.
B. Roll Call
The following were present: Steven Ward, Village President, Margaret Gray, Village Clerk and Trustees: Lisa Guess, Greg Lieser, John Sweet, Jennifer Barconi, Scott Richmond and Mike Kolodziej.
Also present: Steve Super, Village Administrator; Megan Golden, Director of Administrative Services; Jerry Krawczyk, Police Chief; Kim Wascher, Director of Parks & Recreation, Mike Millette, Director of Public Works and Derke Price, Attorney.
2. STATEMENT OF THE VILLAGE PRESIDENT
A. Statement of the Village President in Compliance with the Illinois Truth in Taxation Act (35 ILCS 200/Property Tax Code)
President Ward will state that this public hearing is being held in compliance with the Illinois Truth in Taxation Act (35 ILCS 200/Property Tax Code) to describe the reasons for the proposed tax increase and to permit persons desiring to be heard an opportunity to comment or present testimony. The public notice for this public hearing was published in the November 8, 2019 edition of the Daily Herald, Neighborhood section, pursuant to State Statute.
3. STATEMENT OF THE DIRECTOR OF ADMINISTRATIVE SERVICES
A. Statement of the Director of Administrative Services
The proposed aggregate tax levy for 2019 was discussed at the Committee of the Whole on November 4, 2019.
The estimated equalized assessed valuation increased by $39,111,089 from the prior year’s actual EAV of $700,716,674. An estimated $21,223,826 of the total projected EAV was attributed to new construction/annexations.
The corporate and special purpose property taxes extended or abated for 2018 were $4,182,809. The proposed corporate and special purpose property taxes to be levied for 2019 are $4,830,755. This represents a 15.5% increase over the previous year.
The property taxes extended for debt service and public building commission leases for 2018 were $0 (prior to abatement, $1,961,659 was levied for this purpose). The estimated property taxes to be levied for debt service and public building commission leases for 2019 are $1,969,245. This represents a.4% increase over the previous year.
The total property taxes extended or abated for 2018 were $6,144,468. The estimated total property taxes to be levied for 2019 are $6,800,000. This represents a 10.7% increase over the previous year.
Due to the Village’s non-home rule status, the tax increase is limited to the lesser of 5% or the current Consumer Price Index of 1.9% over the prior year’s tax extension. Kane County requires municipalities to levy for all bond issues even though a municipality abates some or all of their bond payments. Trustee Kolodziej stressed that our actual rate is going down. Megan Golden said that it is likely that the rate will be going down and increases are due to new construction.
4. QUESTIONS/COMMENTS BY INTERESTED PERSONS
There were none.
5. QUESTIONS BY TRUSTEES
There were none.
6. CLOSING CEREMONY
Motion to adjourn the November 18, 2019 Public Hearing.
Motion by Trustee Kolodziej, second Trustee Guess.
All aye by voice vote.
The November 18, 2019 Public Hearing was adjourned at 7:05 pm.