Bloomington council eyes levy that holds the line on property taxes

money
Bloomington aldermen on Monday will review a preliminary levy for property tax collections next year. Tax bills are expected to remain the same, but residents are paying higher fees for a variety of city services. (Pixabay)

 

By Howard Packowitz

BLOOMINGTON – Bloomington aldermen Monday night will review a proposed property tax levy to fund the government next year, and it won’t change homeowners’ tax bills.

The city intends to collect almost $20.3 million in property taxes next year with a tax rate of almost $1.08 per $100 of assessed valuation.

Council members also made good on their pledge not to raise property taxes last year, but fees shot up for various city functions.

Aldermen also cut back on services, including less frequent bulk waste pickup to plug a $3 million dollar deficit. It’s not clear whether the council will consider more fee increases and service cuts when the budget process starts up before year’s end.

Aldermen will also consider a levy for the library that would bring in $4.8 million in property taxes next year. That’s unchanged and calls for no tax hike after taxes were raised this year. The owner of a $165,000 dollar home paid an extra $4.17 to pay for repairs to the Olive Street library.

The council plans to take final action on the tax levies at its December 17 meeting.

Howard Packowitz can be reached at [email protected]

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