Lynwood board levies $1.7M in property taxes

2012-12-16T18:15:00Z 2012-12-16T20:20:30Z Lynwood board levies $1.7M in property taxesBob Moulesong Times Correspondent
December 16, 2012 6:15 pm  • 

LYNWOOD | The Lynwood Village Board unanimously approved a $1.7 million property tax levy to help fund the village budget for 2013.

The amount is a 3 percent increase from last year’s levy.

The total village appropriation for the year is $8.374 million. The difference of $6.674 million comes from state and federal aid.

“The majority of money is needed for public safety,” Village President Gene Williams said. “Our annual budget for the Police Department is over $2 million, and the budget for the Fire Department is about a half million.”

In addition, $570,000 is appropriated for 911 service, and an additional $25,000 for civil defense.

Another $150,000 is appropriated for liability insurance, and $230,000 for municipal salaries and benefits, including Social Security payments.

A total of $1.3 million is appropriated for water and sewer maintenance. The breakdown of water and sewer includes engineering, insurance, contractual services, the cost of purchasing water and meters.

The board also adopted a motion to enter into an agreement with the Illinois Municipal League Risk Management Association.

The agreement will cost $536,407. In return, the association will provide general liability, auto liability, workers' compensation and property insurance for all of the village’s liabilities.

The cost is 1.5 percent less than last year.

The board also approved a series of ordinances to strengthen village building codes.

The six new ordinances will provide the village with tighter codes in electrical, wiring, licensing and mechanical areas for both commercial and residential development.

Copyright 2014 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow The Times

Featured Businesses



Who do you support for Lake County assessor?

View Results

Illinois Newsletters