At their most recent Board of Trustees meeting, Township officials went over some details of their 2017-2018 estimated budget, which includes cutting the property tax levy by $200,000.
“We levied $1,945,400 for the last couple of years and we have abated that levy. We abated it last year, this year, by $230,000 and we abated it the previous year by $450,000. Looking at what we’re looking at, very comfortable to cut the levy,” said Naperville Township Supervisor, Rachel Ossyra.
The Township is looking to reduce the levy to $1,745,000, a 10.3% cut compared to the 2015 tax levy. This reduction would be permanent and would require a referendum to raise.
Trustees are not expected to approve a 2017-18 budget until April, which is the start of the townships fiscal year.
The next Naperville Township meeting is November 1.
Naperville News 17’s Evan Summers reports.
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