Village sees 6 percent reduction in assessment

By on April 15, 2011

Elburn—Village officials received the 2011 multiplier that indicates the level of assessment of property. They announced a 6 percent reduction, which over the past two years amounts to 11.5 percent or, $22 million less for the village.

“It’s going to be tight again,” Village President Dave Anderson said. “We’ll have to see about our tax levies. I’m not holding my breath about getting new construction (this year).”

One Comment

  1. elburn skeptic

    April 15, 2011 at 1:31 PM

    Look farther ahead, there will be no “new construction” for many years. The few apartments and condos that Shodeen is going to build are not going to pay the bills. The village had a $700,000 shortfall last year. What about this coming budget? The Obama money is gone, the State money is gone, and yet Caesar continues to fiddle. This is not a recession, it is the new paradigm. How many years can Elburn balance it’s budgets by raiding the piggy bank? New ideas are needed. A much smaller government is the only answer, both State and local, and it is going to happen. Hopefully someone will have the testosterone to make the changes on our terms and not let Rome burn.