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- Kane County weighs $2M property tax levy hike
Kane County weighs $2M property tax levy hike
Kane County Board will make a final decision on the levy increase at their November 12 meeting
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Kane County officials are reviewing a proposed $2M increase in its property tax levy to help fund essential services and offset inflation. This would be the first significant hike since 2013.
Why the increase? Board members advocating for the hike argue that the additional revenue is necessary to maintain county services amid rising costs.
Tax cap: The proposed 3.4% increase increase is the maximum amount state law would allow for.
Opposition concerns: Some board members worry the tax hike could impact the success of an upcoming sales tax referendum, set for April, which would add 0.75% to sales tax rates to address ongoing budget deficits.
Budget challenges: Kane County has been using reserve funds since 2023 to cover budget shortfalls. Without new revenue, officials say reserve funds could be depleted within a few years.
The Kane County Board will make a final decision on the levy increase at their November 12 meeting.
Read more in this Aurora Beacon-News article.
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