Category: Fiscally Speaking

Maywood Board Mulls 5% Tax Levy Hike That Staffers Say Won’t Cost Taxpayers

Friday, November 23, 2018 || By Michael Romain || @maywoodnews 

Featured image: A chart comparing the 2017 tax levy and the breakdown of revenue based on incremental increases over last year’s levy. | Village of Maywood 

During a Nov. 20 regular meeting, the Maywood Board of Trustees voted 3-2 for a resolution approving an estimated property tax levy for 2018 of $23,019,182 — an amount that was recommended by village staffers, who stressed that the increased levy will not necessarily translate into increased taxes.

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Tax Refunds Mailed To Thousands In Cook County On Aug. 9

Friday, August 10, 2018 || By Michael Romain || @maywoodnews 

Cook County Treasurer Maria Pappas recently refunded $19.5 million to roughly 53,000 homeowners in Cook County due to a new state law that increased the amount of property tax exemptions for some people, the treasurer’s office announced in a statement released last week.

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Proviso TIFs Brought In $21.5M Last Year

Thursday, August 2, 2018 || By Michael Romain || @maywoodnews 

The 38 tax-increment financing districts in Proviso Township brought in roughly $21.5 million in revenue in 2017, according to the annual report on Chicago area TIF revenues released each year by Cook County Clerk David Orr’s office.

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