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Why can’t the Village hold off on the decision to levy a property tax?

April 26, 2017decision hold levy village

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Why can’t the Village hold off on the decision to levy a property tax?

1 Answer

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In order for money to be collected and disbursed to the Village in November or December of 2010 the tax levy needs to be filed by December 27, 2009. Based on current estimates, the Village’s General fund cash reserves will be exhausted sometime in the fall of 2010.