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The 2024 budget season is underway, and the first action taken by the Village Council last month was to ensure there will be no property tax rate increase in the next budget.
In a unanimous vote, the Council voted to set next year’s maximum possible tax rate equal to this year’s rate. As a result, when the final budget is approved next month, the tax rate can’t be more than it is today.
When the Village Council meets next month to review and approve the budget, they have the option to approve a property tax rate equal to or lower than the current rate.
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