County Board Finance Committee ponders property tax hikes
GENEVA – In the future, residents may see an increase in their property taxes.
The Kane County Board Finance and Budget Committee first needs to decide what the county’s tax levy should be. The committee discussed the issue at its meeting Wednesday.
The committee is looking at four scenarios – keeping the levy the same as 2011, increasing it 1 percent, increasing it 2 percent or increasing it a maximum of 5 percent.
A resident with a home valued at $233,000 pays $332.37 in property taxes to the county. If the levy is increased 5 percent, that same homeowner would see his tax bill increase to $344.36.
Committee members Tuesday couldn’t come to a consensus on what to do with the levy. County Board member Cathy Hurlbut, R-Elgin, said she thought the board needed to go for the maximum amount.
“You don’t get a second bite at the apple,” she said.
Board members have received $5.3 million in supplemental budget requests. The finance committee required county officials and department heads to submit two documents – a “flat” budget request and a supplemental budget request, detailing additional money the department or office wants to spend.
County Board member Jim Mitchell, R-North Aurora, chairman of the Finance and Budget Committee, said his priorities are to give 2 percent raises to the county’s nonunion employees and raises to the county’s assistant state’s attorneys and public defenders.
“The union contracts we have approved already would also have to be accommodated,” Mitchell said.
The Finance and Budget Committee will continue its discussion at 4 p.m. Tuesday.