===== PDF PAGE 4 ===== CITY OF WEST CHICAGO FINANCE COMMITTEE AGENDA ITEM SUMMARY ITEM TITLE: Announcing and approving the Tax Levy estimate AGENDA ITEM NUMBER: 5A COMMITTEE DATE: November 2, 2026 COUNCIL AGENDA DATE: November 2, 2026 PREPARED BY: Katrina Hanna, Finance Director APPROVED BY: SIGNATURE__________________________ SIGNATURE__________________________ The property tax levy is the request by the City to DuPage County for property taxes to be assessed against taxable property located within the corporate boundaries of the City. The City is required to comply with the Truth in Taxation legislation when submitting the levy to the county, this Statute requires: • Announcing and approving the Tax Levy estimate at least 20 days in advance of the adoption of the Levy Ordinance; and • Noticing and holding a public hearing on the levy if the levy (excluding debt service) is estimated to increase over the amount extended in the prior year by more than 5%. The form of the notice of public hearing is stipulated by the Truth in Taxation Statute and prohibits the inclusion of any information in the Notice that is not required by the Statute Residents of the City who own a home will see the portion of the property taxes they pay to the City increase by an estimated $30.00 per year, based on an example property valued at $375,000. No public hearing is required for the 2026 property tax levy, as the proposed increases for each applicable levy, as well as the aggregate levy, are under 5% • Corporate Levy increase - 4.9% It is important to note that the new construction property taxes will typically not impact current taxpayers. New construction adds taxable value to the City’s tax base and can generate additional revenue without placing the entire burden on existing properties. The proposed Corporate Levy increase will impact current taxpayers. • SSA # 2 increase - 4.9% Additionally, the County automatically levies annual debt service on General Obligation (GO) bonds. The City will be paying the debt service on the 2026 bonds issued in March with home rule sales tax and in 2027 will be abating (cancelling) the entire amount so that it is not levied as an additional line item on the tax bill. Comparison of the 2026 Proposed Levy and the 2025 Extended Levy 2026 2025 Estimated Levy Extension Levy % Change Corporate 5,176,271.27 $ 5,429,909 $ 4.9% Special Service Areas SSA #2 13,423.42 14,081 4.9% ===== PDF PAGE 5 ===== CITY OF WEST CHICAGO Because of the time required between announcing the levy estimate and adopting the levy, the property tax levy and abatement for GO bonds will be on the December 7th City Council meeting agenda for approval. ACTIONS PROPOSED: Recommendation of the $5,429,909 Corporate and $14,081 SSA #2 tax levy estimate to the City Council for approval, prior to adoption on December 7, 2026. COMMITTEE RECOMMENDATION: