South Elgin tax levy increase looks larger than it is
Nov 21, 2012 11:45 AM -
The South Elgin tax levy looks like a 3- percent increase from last year's request but residents won't see substantially higher taxes because of it. Legally, South Elgin has to request enough in taxes to cover all of its debt obligations and since the village now is responsible for Otter Creek Water Reclamation District's debt, too, the request includes quite a hike. But Finance Director Art Skibley says after abatements the village should take in $3.5 million for the 2012 tax year, just $100,000 more than the prior year.