Buffalo Grove cuts its levy request
Buffalo Grove trustees passed an ordinance this week abating real estate taxes for the 2012 levy, which will be collected in 2013. The board agreed to abate $419,000, or 2.8 percent of the initial request. The initial levy was $14.7 million. With the abatement, it is $14.3 million, for a net increase of 1.16 percent over last year. The abatements were applied to two series of bonds, one issued to fund street maintenance and another issued to an escrow account for advance refunding of two series of bonds for facilities development and a series for street construction. Instead of the property tax, the village will use money from the general fund and the water fund to make the abated bond payments.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close