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Village of Maryville, Illinois

Description Public Hearing #1 - 2006 Tax Levy
Date12/6/2006 Location Council Chamber
Time Speaker Note
6:22:12 PM Gulledge Called the first public hearing of Wednesday, December 6, 2006 to order (delayed due to technical difficulties). There were seven (7) persons in attendance. He explained the purpose of the hearing is to discuss the 2006 Tax Levy. He turned the hearing over to the attorney to discuss.
6:22:31 PM Wigginton Explained the public hearing is pursuant to the Truth in Taxation Laws of the State of Illinois. Stated the public hearing is being held pursuant to a notice published in the newspaper of general circulation, which is available for public inspection, which set the hearing for Wednesday, December 6, 2006 at 6:15 p.m. Stated any person desiring to appear at the public hearing and present testimony was directed to contact Village Clerk Thelma Long. He asked if Long had received any such requests. She answered no. Stated the Corporate and Special Purpose Property Taxes extended or abated for 2005 were $1,322,760.53. Stated the Proposed Corporate and Special Purposes Taxes to be levied for 2006 are $1,454,133, which is less than published in the notice of $1,568,508. Explained after the notice, the Village held a Caucus meeting in which it was determined the Village wished to reduce the proposed tax levy to its citizens. Stated he will go through the categories; the ordinance is available for inspection and copying, with copies available for any who request same. Read the proposed Tax Levy for 2006: The estimated 2006 Madison County assessed valuation is $141 million. Reiterated, that is an estimate; they are required to do this in December, even though they don't have all the information available for the fiscal year of 2006 to 2007. Stated the General Corporate Purposes levy amount is $282,000; Fire Protection is $282,000; Police Protection is $105,750; Street Lighting is $70,500; Street and Bridge is $141,000; Liability Insurance is $105,000; Audit is $8,000; Unemployment Insurance is $7,500; Public Comfort is $30,000; Working Cash Fund is $48,000; Social Security/FICA is $95,805; IMRF is $96,000; Police Pension is $145,000; Fire Department Pension is $37,500. Stated the estimated calculated rate based upon those levies and assessed valuation is 1.0313, which is equivalent to the same actual tax rate assessed in Maryville last year. Stated they will also have Special Service Area #1 assessment, which is an annual assessment, for about $18,000. Explained that is not subject to Truth in Taxation nor to a public hearing; he is simply bringing it to everyone's attention. Stated they also have a tax levy for Special Service Area #3; again there is no increase but is the same each year, and is not subject to public hearing requirements. Stated they will also be presenting to the Board three (3) tax abatement ordinances abating taxes assessed for various bond issues, which is because the Village has enough revenue available to pay the principal and interest on those bonds so the taxpayers will not have to. He asked for questions or comments.
6:26:44 PM Gulledge Asked if any one in the audience would like to ask any questions. There were none. Being no questions or comments, the hearing was closed.
6:27:18 PM   The hearing ended.

Respectfully submitted,

Thelma Long, Village Clerk

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