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Oswego Passes 2012 Tax Levy

Village will levy the same dollar amount as they did in 2011.

The Oswego Village Board voted 4-0 in favor of passing the 2012 Tax levy for the Village of Oswego on Tuesday night.

The Village will levy the same dollar amount of $1,216,000 as they did in 2011.

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According to Mark Horton, Oswego’s director of finance, the tax rate will increase by less than one cent, estimated to be at .1546, for residents. The EAV is estimated to decline by 6 percent.

Of the entire tax bill, the Village of Oswego only receives 1.5 percent, with the largest portion, 68.72 percent, going to Oswego School District 308. That means the village receives $1.50 for every $100 in taxes paid to the County. 

Overall the taxpayers will be paying less tax directly to the Village.

Horton said the Village makes additional revenue on sales tax and utility tax. “The sales tax revenue is still trending upwards,” he said.

President Brian LeClercq added that the Village should not lower their rate due to pension costs. He would like to put $50,000 more toward pension costs. “The numbers don’t lie,” he said. “It’s still a serious issue getting the pension funds properly funded.”

The motion to approve the 2012 Tax Levy Ordinance passed 4-0 with Giles, Volpe, Johnson and Lawson voting yes and Sollinger and Michels absent. 

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Jeri October 04, 2012 at 11:14 PM
Brian does a great job with time value of money. Oswego Village could be in worst shape. The taj ma hall (?) was done before him. MMMM lets see election on the calendar. Early voting available. I guess a lot of home work of attitude and entitlement in Kendal County needs to be thought out. The tax payers owe nobody but creditors. We have been raising this attitude issue for years. Now is our opportunity for new folks. Its a leap of faith and research from local to federal. Show no fear or alliance. I believe in people. People want to take care themselves and family. People want to work. People do not want hand outs. And locally people want to see the spenders. Everything on line...tax payers want to work. Pride! and integrity! When is all the pensions that are unsustainable locally going on the Patch. Peace, Jerri
Pat Stiles October 05, 2012 at 01:11 AM
Here is why Brian has to keep dumping taxpayer money into the Pension Pool. All public workers for the Village, and Fire District have recently unionized. What does that mean, collective bargaining, and in Police and Fire Binding Arbitration. Big for Police and Fire. Huge wages and Pensions YOU WILL FUND. And here’s what our (state) political geniouses have done for you. They cut a deal to guarantee that police and fire will be funded or the state will do the following. 40 ILCS 5/4-118 (b-5) If a participating municipality fails to transmit to the fund contributions required of it under this Article for more than 90 days after the payment of those contributions is due, the fund may, after giving notice to the municipality, certify to the State Comptroller the amounts of the delinquent payments, and the Comptroller must, beginning in fiscal year 2016, deduct and deposit into the fund the certified amounts or a portion of those amounts from the following proportions of grants of State funds to the municipality: (1) in fiscal year 2016, one-third of the total amount of any grants of State funds to the municipality; (2) in fiscal year 2017, two-thirds of the total amount of any grants of State funds to the municipality; and (3) in fiscal year 2018 and each fiscal year thereafter, the total amount of any grants of State funds to the municipality. Cutting Muncipal funding to pay big pensions GUARANTEED For Police and Fire Only.
Robert Green October 05, 2012 at 04:09 PM
Eliminate all pensions! Put all public workers and politicians on Social Security like the rest of us! Why are they better than the rest of us?
Robert Green October 05, 2012 at 04:27 PM
Recipe for relief: 1) Donate Chicago to the Federal Government like Maryland did with Washington. 2) Make Illinois a right to work state. 3) Eliminate public unions. 4) Watch prosperity come to Illinois!
Robert Green October 05, 2012 at 04:32 PM
I think Chicago D.C. as a nice ring to it!!!

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