General

AGENDA COMMITTEE OF THE WHOLE November 10, 2025 - 6:00 PM Village Hall - Board Room 300 Plaza Circle, Mundelein, IL 60060 I. CALL TO ORDER II. ATTENDANCE III. MINUTES APPROVAL A. Committee of the Whole Meeting Minute Approval Motion to approve the Committee of the Whole minutes from October 27, 2025. IV. PUBLIC COMMENTARY V. NEW BUSINESS A. 2025 Property Tax Levy Discussion Staff recommends Option 2A to allow for sufficient contributions to the Public Safety Pensions. This option also includes no increase for the Corporate amount. In order to provide for adequate funds to cover the inflationary increases and growth in the Village for wages, services, and supplies necessary to deliver the level of service expected of our residents, an Alternative Revenue stream from a Grocery tax is recommended rather than increase property taxes for Corporate (General Fund) use. VI. ADJOURNMENT A. Adjourn the Committee of the Whole Meeting Motion to adjourn the Committee of the Whole Meeting. The Village of Mundelein, in compliance with the Americans with Disabilities Act, requests that persons with disabilities who require certain accommodations to allow them to observe and/or participate in this meeting, or who have questions about the accessibility of the meeting or facilities, to contact the ADA Coordinator at 847-949-3200 to allow the Village to arrange accommodations for those persons. Page |1 Page 1 of 24 Committee of the Whole Meeting Minutes October 27, 2025 CALL TO ORDER Clerk Walsh took the roll call. It indicated as follows: Board Attendance PRESENT: Trustees Grieco, Juarez, Krinski, Lambert, Schwenk, Ugaste, Mayor Meier ABSENT: None Village Attendance PRESENT: Attorney Cahill, Village Administrator Guenther, Assistant Village Administrator Monroe, Finance Director Miller, Fire Chief Lark, Police Chief Seeley, Building Department Director Sellas, Community Development Director Orenchuk ABSENT: Public Works and Engineering Director Boeche MINUTES APPROVAL MINUTES APPROVAL RESULT: Passed [Yes 6, No 0, Abstained 0] MOVER: Trustee Juarez SECONDER: Trustee Ugaste AYES: Trustee Grieco, Trustee Juarez, Trustee Krinski, Trustee Lambert, Trustee Schwenk, Trustee Ugaste NAYS: None ABSTAIN: None PUBLIC COMMENTARY None NEW BUSINESS NEW BUSINESS Free Speech Zone Administrator Guenther made a presentation on the Free Speech Zone issue. This has come up several times over the years, the first time in 1987. We are addressing this issue again due to residents asking about religious displays during the holiday season, specifically Menorahs and crèches. The Board was asked if they wanted to create a Free Speech Zone policy. In 1987 a court case was brought against the Village's créche stating the Village could not display the crèche as it was a religious symbol. The courts went back and forth for years Page 2 of 24  on this topic. In 2017 a court case involving O'Hare Airport and their displays of holiday religious symbols being on a "public forum". Based on a resident's request to consider something similar in the Village, the Village attorney at the time created a memo regarding this. Since the grassy area just outside the Village Hall had not been designated as a "public forum", the request for religious symbols was denied. The Village has not created a Village property as a "public forum" due to it being an "all or nothing" scenario (Mr. Guenther referenced a situation where Girl Scouts were selling cookies on municipal property and members of the Ku Klux Klan demanded to use the same space for their display). They were denied and the court case that followed had the municipality losing. In 2017, a survey was sent out to the residents. 55% of those responding did not want religious displays on public land, 72% did not want tax dollars spent on the purchase and maintenance of religious displays. In 2022, an ordinance was enacted stating Village approval is needed before any displays on Village property, flag poles, etc. Do we want a Free Speech Zone? This can be anything not deemed obscene by the Village. We already have an assembly policy and this would not interfere with that. Trustee Schwenk asked what this policy would not be—i.e., the example he gave was protests. Mr. Guenther said that would not be interfered with. Trustee Juarez asked if this space would have to be accessible to parking—the answer was yes, it would have to be. A possible location for this space was shown, and it was the green space at Courtland and Hawthorne, which has available parking along Hawthorne. Mr. Juarez wanted to know if the regular maintenance of the property would still be handled by the Village (yes it would be). Trustee Lambert pointed out that this would not all be cost-free and that this project appears to be more of a "want" than a "need". Trustee Krinski spoke about what could Village could ban—could we ban the swastika (which is viewed as a hate symbol)? Attorney Cahill said that is where things get complicated; Trustee Ugaste doesn't like the idea of having staff have to make these kinds of decisions—what is OK and what isn't. Trustee Grieco said there is enough controversy in the world, and she would not want to have to see whatever signs or displays might be placed at this grassy spot (she used to live in this area), also having kids have to walk by it daily would not be her choice. Trustee Schwenk is worried about the slippery slope that this could become; putting more work on staff with permits and researching what is OK and what is not. Mayor Meier took a straw poll and the result was no to the issue. NEW BUSINESS ATM with Video Gaming Administrator Guenther discussed this topic which has come up numerous times over the years. Page 3 of 24  In 2012 the Board approved gaming machines in certain establishments with the Village. At the same time they banned ATMs in those establishments. There is an addictiveness associated with gambling; problem drinkers are 23 times more likely to have a gambling problem than others. Numerous studies point to an increase in crimes as a result to gambling including domestic battery, DUI, fraud, and robbery. Mr. Guenther went over the pros and cons, and the establishments seem to want the ATMs. Trustee Juarez was a flat no and ATMs are generally walkable to the places with the gaming machines. Trustee Krinski said he has known gamblers (and they are always waiting for the big payoff). He is against the machines. Trustee Ugaste feels the Village doesn't "need" this and we are not the morality police though many businesses are in support of this. Trustee Schwenk doesn't want to legislate morality but we don't have to make it easier. In looking at the slide showing the responses various businesses gave for adding ATMs, it appeared to be primarily to support their business off of gaming. There were 4 no's from the Board. ADJOURNMENT Committee of the Whole Meeting adjourned at 6:42 PM. Page 4 of 24 To: Mayor and Board of Trustees From: Linda Miller, Finance Director For: Committee of the Whole of November 10, 2025 Subject: 2025 Property Tax Levy Discussion Financial Impact: Finance Department Committee Report Attachments: 1. 2025 Property Tax Levy Presentation Background: Property Tax Levy Property taxes are the largest revenue source for the Village; last year the Village levied $16.8 million for various government functions. Our 2024 property tax levy rate was 1.37. Our EAV is expected to increase in 2025 by approximately 9.6%. Each year an independent actuary determines the annual funding needed for our fire & police pension trust funds to achieve 90% funding by 2040, required per current State law. This year’s report indicates a $174K increase for the fire plan and a $322K increase for the police plan for the State required amount from the prior year valuation. Current funding levels are 67% for fire and 58% for police. The table on page 10 of the PowerPoint document illustrates our last ten property tax levies/rates, along with several options to consider for the upcoming property tax levy that must be adopted by December. Option 1A — No change to the corporate levy of $7.436 million, decrease the IMRF levy to $600K and the Social Security levy to $1.1 million, and fund the fire pension at $180K and the police pension Page 5 of 24 at $360K more than the 2025 statutory minimum. Option 2A – No change to the corporate levy of $7.436 million, decrease the IMRF levy to $600K and the Social Security levy to $1.1 million, and fund the fire pension and the police pension at the actuary recommended amount. Option 1B – Increase the corporate levy to $7.704 million, decrease the IMRF levy to $600K and the Social Security levy to $1.1 million, and fund the fire pension at $180K and the police pension at $360K more than the 2025 statutory minimum. Option 2B – Increase the corporate levy to $7.704 million, decrease the IMRF levy to $600K and the Social Security levy to $1.1 million, and fund the fire pension and the police pension at the actuary recommended amount. Option 3B – Increase the corporate levy to $7.957 million, decrease the IMRF levy to $600K and the Social Security levy to $1.1 million, and fund the fire pension at $180K and the police pension at $360K more than the 2025 statutory minimum. Option 4B – Increase the corporate levy to $8.551 million, decrease the IMRF levy to $600K and the Social Security levy to $1.1 million, and fund the fire pension at $180K and the police pension at $360K more than the 2025 statutory minimum. All these options will decrease the tax rate from the 2024 levy rate of 1.37. For a home valued at $300,000, the approximate property tax paid to the Village for the 2024 Tax Levy was $1,368. The change to the homeowner’s tax bill for the Village of Mundelein for each option is as follows: Option 1A: Increase tax by $2 with a tax rate of 1.25. Option 2A: Increase tax by $45 with a tax rate of 1.29. Option 1B: Increase tax by $24 with a tax rate of 1.27. Option 2B: Increase tax by $67 with a tax rate of 1.31. Option 3B: Increase tax by $45 with a tax rate of 1.29. Option 4B: Increase tax by $93 with a tax rate of 1.33. The property tax levy ordinances will be on the December 08, 2025, Village Board agenda to be adopted. Recommendation: Staff recommends Option 2A to allow for sufficient contributions to the Public Safety Pensions. This option also includes no increase for the Corporate amount. In order to provide for adequate funds to cover the inflationary increases and growth in the Village for wages, services, and supplies necessary to deliver the level of service expected of our residents, an Alternative Revenue stream from a Grocery tax is recommended rather than increase property taxes for Corporate (General Fund) use. Page 6 of 24 PROPERTY TAX LEVY DISCUSSION NOVEMBER 10, 2025 Page 7 of 24  • Property Tax Levy needs to be adopted by December each year. • An estimate of the Tax Levy is on the Board agenda this evening because at PROPERTY least 20 day notice of the property tax TAXES levy estimate is needed prior to adoption, per State statute. • 11/10/25 – Discussion and Levy Estimate • 12/08/25 – Tax Levy Adoption Page 8 of 24  • Equalized Assessed Value (EAV) is the property value assessed by the Township assessor at 1/3 its market value multiplied by a state applied equalization factor currently at 100% for Lake county. E Q UA L I Z E D ASSESSED VA L U E • How does EAV affect your property tax bill? Factors affecting property tax include fluctuations in EAV and taxing bodies' $ requests. • Tax Bill = +/- EAV & +/- $$$ requested. Page 9 of 24 PROPERTY EQUALIZED ASSESSED VALUE (EAV) $1,400,000,000 $1,300,000,000 $1,200,000,000 $1,100,000,000 $1,000,000,000 $900,000,000 $800,000,000 $700,000,000 $600,000,000 $500,000,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Page 10 of 24  • Completely funded by tax levy. • Independent actuary completes an annual valuation to determine our POLICE AND FIRE PENSIONS funding requirement to meet 90% funded by 2040. • The minimum state required contribution will result in Police 58% funded, and Fire 67% funded. Page 11 of 24  TAX LEVY COMPONENTS $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 Pension Levy General Levy $6,000,000 $4,000,000 $2,000,000 $0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Page 12 of 24  TAX RATES - HISTORICAL 1.80 1.60 1.40 1.20 1.00 TOTAL RATE 0.80 GENERAL LEVY PENSION LEVY 0.60 0.40 0.20 0.00 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Page 13 of 24  TOP FACTORS IMPACTING VILLAGE GENERAL OPERATIONS • Labor Costs continue to increase due to labor contract commitments and salary costs to retain and attract talented staff. Wage and Salary Increases of approximately 11.0% ($1.9M) estimated for FY27 Budget. • Health insurance premiums also increased 18% ($536K) for FY27 Budget. • Interest and Investment Earnings continue to decrease as interest rates decline. A decline of $200,000 is estimated for the FY27 budget. • Supplies and Service costs are impacted by inflation and new tariffs. The Consumer Price Index for this area reports inflation was at 3.6% for Mid Year 2025 compared to 4.1% for September 2024. • Additional funding for Equipment Replacement fund in anticipation of Fire Ladder Truck ($1.7M) delivery in FY28. • Loss of Grocery Tax estimated at $1.2M. Page 14 of 24  Alternative Revenue Sources Revenue Type Estimated Annual Revenue Grocery Tax $ 1,200,000 ALTERNATIVE Food & Beverage Tax $ 800,000 REVENUE Home Rule Increase .25% $ 800,000 SOURCES Real Estate Transfer Tax $ 525,000 Plastic Bag Tax $ 100,000 Streaming Tax $ 85,000 Page 15 of 24  VILLAGE OF MUNDELEIN HISTORICAL TAX LEVY AND 2025 PROPOSED OPTIONS % EAV % Increase EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security 2015 -2024 Historical Tax Levies 2015 754,877,076 20,856,942 2.8% 1.57 0.0% 11,850,206 5,848,001 975,000 1,064,000 1,701,682 661,523 700,000 900,000 2016 803,467,616 48,590,540 6.4% 1.56 5.9% 12,550,000 6,267,964 975,000 1,500,000 1,438,964 618,072 750,000 1,000,000 2017 846,067,676 42,600,060 5.3% 1.56 5.0% 13,179,151 6,267,964 975,000 1,500,000 1,824,647 786,540 755,000 1,070,000 2018 874,027,373 27,959,697 3.3% 1.53 1.5% 13,381,048 6,267,964 975,000 1,500,000 1,941,213 896,871 700,000 1,100,000 2019 931,954,514 57,927,141 6.6% 1.48 3.0% 13,782,479 6,267,964 975,000 1,711,312 2,038,532 939,671 725,000 1,125,000 2020 946,981,890 15,027,376 1.6% 1.51 3.7% 14,293,654 6,267,964 975,000 1,711,312 2,381,996 1,107,382 725,000 1,125,000 2021 986,898,889 39,916,999 4.2% 1.45 0.0% 14,293,654 6,267,964 975,000 1,711,312 2,456,776 1,007,602 725,000 1,150,000 2022 1,032,159,798 45,260,909 4.6% 1.45 4.9% 14,990,166 6,706,721 975,000 1,711,312 2,659,326 1,037,807 725,000 1,175,000 2023 1,112,289,363 80,129,565 7.8% 1.44 7.0% 16,042,170 7,142,658 975,000 1,711,312 2,886,387 1,151,813 775,000 1,400,000 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 Impact to $300,000 Homeowner Corporate $ Proposed 2025 Tax Levy Options - No Change to Corporate Levy Tax Bill Levy $ Increase Increase Option 1A: 2025 - Corp 0%; Alt Police +360K, Fire +180 1,344,425,461 117,359,389 9.6% 1.25 0.1% 16,808,081 7,436,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 2.00 21,060 - Option 2A: 2025 - Corp 0%; Recommended Pension 1,344,425,461 117,359,389 9.6% 1.29 3.2% 17,323,929 7,436,000 975,000 1,711,312 3,779,209 1,722,408 600,000 1,100,000 $ 45.00 536,908 - Page 16 of 24  VILLAGE OF MUNDELEIN 2025 PROPOSED TAX LEVY OPTION 1A Impact to % $300,000 EAV % Increase Homeowner Corporate $ OPTION 1A EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security Tax Bill Levy $ Increase Increase Tax 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 PROPOSED 2025 TAX LEVY OPTION 1A 1,344,425,461 117,359,389 9.6% 1.25 0.1% 16,808,081 7,436,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 2.00 $ 21,060 $0 OPTION 1 TAX LEVY INCLUDES: - Corporate Increase of 0% Police and Fire Pension Contributions at State Munimum Required plus additional $360,000 to Police and $180,000 to Fire IMRF Decreased $175,000 Social Security Decreased $300,000 Increase Levy Amount $21K (Corporate $0, Police Pension $322K, Fire Pension $174K, IMRF $(175)K, and Social Security $(300)K from Tax Year 2024 and Lowers Rate to 1.25 from 2024 Rate of 1.37. Tax -Rate Village of Mundelein 0.753 Tax -Rate Mundelein - All Pensions 0.497 Total Tax Rate DECREASE ----------> 1.25 % for Pensions 39.8% % for Police/Fire Pensions 29.7% Page 17 of 24  VILLAGE OF MUNDELEIN 2025 PROPOSED TAX LEVY OPTION 2A Impact to % $300,000 EAV % Increase Homeowner Corporate $ OPTION 2A EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security Tax Bill Levy $ Increase Increase Tax 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 PROPOSED 2025 TAX LEVY OPTION 2A 1,344,425,461 117,359,389 9.6% 1.29 3.2% 17,323,929 7,436,000 975,000 1,711,312 3,779,209 1,722,408 600,000 1,100,000 $ 45.00 $ 536,908 $0 OPTION 1 TAX LEVY INCLUDES: - Corporate Increase of 0% Police and Fire Pension Contributions at Actuary Recommended Amount IMRF Decreased $175,000 Social Security Decreased $300,000 Increase Levy Amount $537K (Corporate $0, Police Pension $545K, Fire Pension $467K, IMRF $(175)K, and Social Security $(300)K from Tax Year 2024 and Lowers Rate to 1.29 from 2024 Rate of 1.37. Tax -Rate Village of Mundelein 0.753 Tax -Rate Mundelein - All Pensions 0.536 Total Tax Rate DECREASE ----------> 1.29 % for Pensions 41.6% % for Police/Fire Pensions 31.8% Page 18 of 24  VILLAGE OF MUNDELEIN HISTORICAL TAX LEVY AND 2025 PROPOSED OPTIONS % EAV % Increase EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security 2015 -2024 Historical Tax Levies 2015 754,877,076 20,856,942 2.8% 1.57 0.0% 11,850,206 5,848,001 975,000 1,064,000 1,701,682 661,523 700,000 900,000 2016 803,467,616 48,590,540 6.4% 1.56 5.9% 12,550,000 6,267,964 975,000 1,500,000 1,438,964 618,072 750,000 1,000,000 2017 846,067,676 42,600,060 5.3% 1.56 5.0% 13,179,151 6,267,964 975,000 1,500,000 1,824,647 786,540 755,000 1,070,000 2018 874,027,373 27,959,697 3.3% 1.53 1.5% 13,381,048 6,267,964 975,000 1,500,000 1,941,213 896,871 700,000 1,100,000 2019 931,954,514 57,927,141 6.6% 1.48 3.0% 13,782,479 6,267,964 975,000 1,711,312 2,038,532 939,671 725,000 1,125,000 2020 946,981,890 15,027,376 1.6% 1.51 3.7% 14,293,654 6,267,964 975,000 1,711,312 2,381,996 1,107,382 725,000 1,125,000 2021 986,898,889 39,916,999 4.2% 1.45 0.0% 14,293,654 6,267,964 975,000 1,711,312 2,456,776 1,007,602 725,000 1,150,000 2022 1,032,159,798 45,260,909 4.6% 1.45 4.9% 14,990,166 6,706,721 975,000 1,711,312 2,659,326 1,037,807 725,000 1,175,000 2023 1,112,289,363 80,129,565 7.8% 1.44 7.0% 16,042,170 7,142,658 975,000 1,711,312 2,886,387 1,151,813 775,000 1,400,000 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 Impact to $300,000 Homeowner Corporate $ Proposed 2025 Tax Levy Options - Increase to Corporate Levy Tax Bill Levy $ Increase Increase Option 1B: 2025 - Corp 3.6%; Alt Police +360K, Fire +180K 1,344,425,461 117,359,389 9.6% 1.27 1.7% 17,076,081 7,704,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 24.00 289,060 268,000 Option 2B: 2025 - Corp 3.6%; Recommended Pension 1,344,425,461 117,359,389 9.6% 1.31 4.8% 17,591,929 7,704,000 975,000 1,711,312 3,779,209 1,722,408 600,000 1,100,000 $ 67.00 804,908 268,000 Option 3B: 2025 - Corp 7.0%; Alt Police +360K, Fire +180K 1,344,425,461 117,359,389 9.6% 1.29 3.2% 17,329,081 7,957,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 45.00 542,060 521,000 Option 4B: 2025 - Corp 15.0%; Alt Police +360K, Fire +180K 1,344,425,461 117,359,389 9.6% 1.33 6.8% 17,923,081 8,551,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 93.00 1,136,060 1,115,000 Page 19 of 24  VILLAGE OF MUNDELEIN 2025 PROPOSED TAX LEVY OPTION 1B Impact to % $300,000 EAV % Increase Homeowner Corporate $ OPTION 1B EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security Tax Bill Levy $ Increase Increase Tax 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 PROPOSED 2025 TAX LEVY OPTION 1B 1,344,425,461 117,359,389 9.6% 1.27 1.7% 17,076,081 7,704,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 24.00 $ 289,060 $ 268,000 OPTION 1B TAX LEVY INCLUDES: Corporate Increase of 3.6%, 268K Police and Fire Pension Contributions at State Munimum Required plus additional $360,000 to Police and $180,000 to Fire IMRF Decreased $175,000 Social Security Decreased $300,000 Increase Levy Amount $289K (Corporate $268K, Police Pension $322K, Fire Pension $174K, IMRF $(175)K, and Social Security $(300)K from Tax Year 2024 and Lowers Rate to 1.27 from 2024 Rate of 1.37. Tax -Rate Village of Mundelein 0.773 Tax -Rate Mundelein - All Pensions 0.497 Total Tax Rate DECREASE ----------> 1.27 % for Pensions 39.2% % for Police/Fire Pensions 29.2% Page 20 of 24  VILLAGE OF MUNDELEIN 2025 PROPOSED TAX LEVY OPTION 2B Impact to % $300,000 EAV % Increase Homeowner Corporate $ OPTION 2B EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security Tax Bill Levy $ Increase Increase Tax 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 PROPOSED 2025 TAX LEVY OPTION 2B 1,344,425,461 117,359,389 9.6% 1.31 4.8% 17,591,929 7,704,000 975,000 1,711,312 3,779,209 1,722,408 600,000 1,100,000 $ 67.00 $ 804,908 $ 268,000 OPTION 2B TAX LEVY INCLUDES: Corporate Increase of 3.6%, 268K Police and Fire Pension Contributions at Actuary Recommended Amount IMRF Decreased $175,000 Social Security Decreased $300,000 Increase Levy Amount $805K (Corporate $268K, Police Pension $545K, Fire Pension $467K, IMRF $(175)K, and Social Security $(300)K from Tax Year 2024 and Lowers Rate to 1.31 from 2024 Rate of 1.37. Tax -Rate Village of Mundelein 0.773 Tax -Rate Mundelein - All Pensions 0.536 Total Tax Rate DECREASE ----------> 1.31 % for Pensions 40.9% % for Police/Fire Pensions 31.3% Page 21 of 24  VILLAGE OF MUNDELEIN 2025 PROPOSED TAX LEVY OPTION 3B Impact to % $300,000 EAV % Increase Homeowner Corporate $ OPTION 3B EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security Tax Bill Levy $ Increase Increase Tax 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 PROPOSED 2025 TAX LEVY OPTION 3B 1,344,425,461 117,359,389 9.6% 1.29 3.2% 17,329,081 7,957,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 45.00 $ 542,060 $ 521,000 OPTION 3B TAX LEVY INCLUDES: Corporate Increase of 7.0%, 521K Police and Fire Pension Contributions at State Munimum Required plus additional $360,000 to Police and $180,000 to Fire IMRF Decreased $175,000 Social Security Decreased $300,000 Increase Levy Amount $542K (Corporate $521K, Police Pension $322K, Fire Pension $174K, IMRF $(175)K, and Social Security $(300)K from Tax Year 2024 and Lowers Rate to 1.29 from 2024 Rate of 1.37. Tax -Rate Village of Mundelein 0.792 Tax -Rate Mundelein - All Pensions 0.497 Total Tax Rate DECREASE ----------> 1.29 % for Pensions 38.6% % for Police/Fire Pensions 28.8% Page 22 of 24  VILLAGE OF MUNDELEIN 2025 PROPOSED TAX LEVY OPTION 4B Impact to % $300,000 EAV % Increase Homeowner Corporate $ OPTION 4B EAV EAV Change Change Tax Rate in Levy Total Levy Corporate Bonds Road & Bridge Police Pension Fire Pension IMRF Social Security Tax Bill Levy $ Increase Increase Tax 2024 1,227,066,072 114,776,709 10.3% 1.37 4.6% 16,787,021 7,436,000 975,000 1,711,312 3,234,365 1,255,344 775,000 1,400,000 PROPOSED 2025 TAX LEVY OPTION 4B 1,344,425,461 117,359,389 9.6% 1.33 6.8% 17,923,081 8,551,000 975,000 1,711,312 3,556,009 1,429,760 600,000 1,100,000 $ 93.00 $ 1,136,060 $ 1,115,000 OPTION 4B TAX LEVY INCLUDES: Corporate Increase of 15.0%, 1,115K Police and Fire Pension Contributions at State Munimum Required plus additional $360,000 to Police and $180,000 to Fire IMRF Decreased $175,000 Social Security Decreased $300,000 Increase Levy Amount $1,136K (Corporate $1,115K, Police Pension $322K, Fire Pension $174K, IMRF $(175)K, and Social Security $(300)K from Tax Year 2024 and Lowers Rate to 1.33 from 2024 Rate of 1.37. Tax -Rate Village of Mundelein 0.836 Tax -Rate Mundelein - All Pensions 0.497 Total Tax Rate DECREASE ----------> 1.33 % for Pensions 37.3% % for Police/Fire Pensions 27.8% Page 23 of 24 •Comments / Questions Page 24 of 24