Marion Park District Board met Nov. 21.
Here is the minutes provided by the Board:
1. Call to Order
The Public Hearing was called to order by President Gott for the Public Hearing for the 2017 payable 2018 Tax Levy at 7:10 p.m. with the following Commissioners present:
Commissioner Sheffler
Commissioner McReynolds
Commissioner Gott
Commissioner Gardiner was not present at the meeting.
2. Open Forum – 2017 payable 2018 Tax Levy
No one from the public was in attendance at this time.
3. Discussion of Ordinance 17-09 Tax Levy 2017 payable 2018
a. Kim Meyer CPA of Hudgens and Meyer CPA.
President Gott asked Kim Meyer if there are any items that need attention. Kim Meyer stated nothing different; the levy is 8% for everything related to the bonds and the bond schedule. The 8% increase is in order to capture all the growth. There will be a larger increase than in the past due to the CPI up over 2%, where you are use to.7% or.8%. The growth is factored in at 2.5% you are looking at about a 4.6% increase. This will be filed with the County Clerk’s office and will get the extension sheet in the Spring and will what the results are. Director Reed asked Kim Meyer since he has been here he has seen a high 20k increase, Kim Meyer states this will be in the high 40k monies increase. Director Reed asks about the TIF that will be coming up, Kim Meyer states that TIF 1 will be coming up and on those years there could be an increase of the tax levy to 20%. President Gott asked if the TIF is considered growth, Kim states that it is new money to the Park District and the growth will need to be captured during the year that is comes out. If you don’t capture the growth then, you will lose out on the TIF / growth. President Gott asked if we step that up each year to there is no shock when there is an increase. Commissioner Sheffler asks Kim Meyer with the new legislation and the proposed tax freeze will we still be able to capture new growth. Kim Meyer states if it is a true freeze, as they are describing which is a levy freeze, the answer is no and those monies / growth will pass you by. There are several property tax freezes that are being discussed, if it is a levy freeze you would only be allowed to levy what is currently being levied, there is also a tax rate freeze which would allow you to capture some growth and will be calculated by the current rate plus the EAV. The most popular property tax freeze right now is the levy freeze.
4. Adjournment
Commissioner Sheffler made a motion at 7:24 p.m.; seconded by Commissioner McReynolds to adjourn the Tax Levy Hearing. Roll called. Motion carried with unanimous vote.
http://marionparks.com/meeting-minutes-november-21-2017/
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