Here’s a rarity, a city lowering its tax rate and levy and not raising it.
According to the NewsTribune, the La Salle City Council is asking for a little over $2.3 million in property taxes next year. That would be a tax levy drop of over 7 percent from this year.
A big reason for the tax drop is the expected higher EAV, or equalized assess valuation of the city. The EAV is expected to go up over 2 percent.
Besides daily operations, property taxes will be used to pay off bonds. Alderman Tom Ptak says paying off debt remains a priority.