Park Forest, IL-(ENEWSPF)- The Village Board in December adopted the smallest tax levy increase in the past 25 years. The 1.1% increase equates to roughly $254,875 in new revenue. Prior to this, the lowest increase was 1.4% in 2014.
Cook County adds a loss factor to the original levy to allow for uncollected taxes. The increase represents the increase to the extended levy. This is the “Truth in Taxation” Statutory requirement, the Village reports.
The 2017 tax levy will fund the . . .