SOUTH HOLLAND | The Village Board gave its approval to a 4 percent increase in the levy that determines the amount of money it expects municipal government to receive from local property taxes.
Trustees voted Monday without opposition for a levy that will provide $12.2 million for the village, said Village Attorney Timothy Lapp.
That amount is about one-third of village government’s total appropriation of $36 million for the current fiscal year. The $12.2 million levy for 2013-14 is about a 4 percent increase from the previous year, Lapp said. The other two-thirds of the budget comes from user fees, other taxes, such as sales taxes, and state and federal funds.
Under state law, a public hearing on the matter was not required because the levy increase was less than 5 percent.
In other business, the Village Board approved a recommendation of property tax breaks for two long-running business interests in the south suburb.
Chicago Heights Glass Inc., at 16500 Vincennes Road, had been benefitting from a Cook County Class 6b property tax break, while GDT Ltd. had received a county Class 8 property tax break for the strip mall it owns at 17100 South Park Ave. – across the street from Thornwood High School.
Both of those tax breaks are set to expire in coming months. The Village Board approved resolutions that recommend the tax breaks be extended. Final approval must be given by the Cook County Board, but the board requires municipal officials to give their recommendation first.
Lapp said the tax break for GDT was initially granted 10 years ago, and the current tax break would extend for another decade.
Chicago Heights Glass initially was given a tax break in 1999. This would be the second time officials were asked to extend the tax break.
The county’s Class 6b and Class 8 tax breaks can cut the amount of money businesses pay in property taxes by about half. They are meant to encourage businesses to locate in properties that otherwise would be vacant.
Village trustees also approved a measure that declares a 2002 Chevrolet Astro van to be surplus property. The move permits the vehicle to be junked, Lapp said.