Money Back To Taxpayers

The Naperville Township Board approved a measure to return leftover money to residents.

At their latest meeting, the board agreed to a $500,000 tax abatement.

The extra funds going back to taxpayers were a result of the township paying off debts in previous years and cutting back on expenses.

“You don’t spend more money than you take in, you don’t borrow if you can,” said Trustee Fred Spitzzeri. “We’ve kept a good handle on our cost expenses.”

Board treasurer Gary Vician originally proposed a $1 million plan to the board, but other trustees felt it decreased the township’s reserve by too much.

Residents will begin to see the effects of the abatement with their property taxes in March.

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