The Bartlett village board approved a $9.9 million property tax levy Tuesday for the 2012-13 fiscal year.
Village officials have been discussing the levy since October. The 2012 property tax levy is a 6.3 percent increase from the 2011 extension.
A public hearing regarding the levy was held on Nov. 20, during which Village Administrator Valerie Salmons explained the increase.
The general corporate and police pension levy has decreased from last year by 1.3 percent, or about $111,000.
But the debt service levy increased by 69.6 percent, or about $706,000, because of the issuance of $13.2 million in bonds in March that were designated to be used primarily to fund a villagewide road improvement project.
An estimated 55 to 60 miles of roads throughout the village that are considered very poor, poor or average are expected to be remilled, patched and resurfaced over three years through the project.
No one spoke at the public hearing in November or prior to the 5-0 vote Tuesday regarding the tax levy. Trustees T.L. Arends and Frank Napolitano were absent.
Earlier this year, Finance Director Jeff Martynowicz estimated that the bond issuance would cost a $300,000 household about $50 annually.
To stay at that amount, the village plans to take a look at the equalized assessed values for Cook and DuPage Counties when they are determined in the spring, and abate as necessary.Copyright © 2014 Paddock Publications, Inc. All rights reserved.