Public Hearing - 2022 Truth in Taxation
Regular MeetingHomewood, IL · December 13, 2022
Minutes
VILLAGE OF HOMEWOOD
TRUTH IN TAXATION MEETING
TUESDAY, DECEMBER 13, 2022
VILLAGE HALL BOARD ROOM
CALL TO ORDER: President Hofeld called the hearing on the 2022 tax levy to order at 7 p.m.
ROLL CALL: Deputy Clerk Nancy Adams called the roll. Those present were Village President Richard
Hofeld, Trustee Julie Willis, Trustee Vivian Harris-Jones, Trustee Jay Heiferman and Trustee Lauren
Roman. Trustees Lisa Purcell and CeCe Belue were absent.
Director Dennis Bubenik presented information on the Village of Homewood 2022 Final Real Estate
Tax Levy.
Inflation has been extremely high. The Consumer Price Index for 2022 at 7 percent, but Illinois
follows tax cap rules and limits taxing bodies to increase the levy this time by 5 percent. Plus new
construction is up 1 percent. So the Village is asking for a 6 percent increase in the levy. The total
levy is $6,941,562, an increase of 3.3 percent. The General Fund levy is $2,063,694.
Homewood’s taxes are approximately 9.5 percent of the total tax bill. It covers day-to-day
operations, pensions and principal and interest. Pensions are costing the Village more than in the
past -- $1,332,000, so that number was plugged into formula. The $473,137 increase in pension
costs will take funding away from day-to-day operations by $111,180 in the General Fund.
President Hofeld added that 70 percent of the tax levy will go to pensions the Village’s debt. He said
sales taxes are helping cover much of the Village’s operations.
A moion was made by Trustee Heiferman and seconded by Trustee Roman to adjourn the tax levy
hearing.
Roll Call: AYES—Trustees Willis, Harris-Jones, Heiferman and Roman. NAYS –None. Motion
carried.
The hearing was adjourned at 7:08 p.m.
Respectfully submitted,
Marilyn Thomas
Village Clerk
Agenda
MEETING AGENDA
Public Hearing - 2022 Truth in Taxation
Village of Homewood
December 13, 2022
Meeting Start Time: 7:00 PM
Village Hall Board Room
2020 Chestnut Road, Homewood, IL
Board Meetings will be held as in-person meetings. In addition to in-person public comment during the meeting, members of the public may
submit written comments by email to comments@homewoodil.gov or by placing written comments in the drop box outside Village Hall.
Comments submitted before 4:00 p.m. on the meeting date will be distributed to all Village Board members prior to the meeting.
Please see last page of agenda for virtual meeting information.
1. Call to Order
2. Roll Call
3. Presentation(s):
Finance Director Dennis Bubenik will present information on the Village of Homewood 2022
Final Real Estate Tax Levy.
4. Comments from the Public
5. Comments from the Board
6. Adjourn
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