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Village of Riverside Agenda for Public Hearing Proposed 2019 Tax Levy Village of Riverside and Riverside Public Library Village of Riverside Board of Trustees Thursday, November 7, 2019 7:00 p.m.
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What is proposed tax levy?
Proposed tax levy is a potential tax increase that is being considered by a governmental body.
Who is required to file proposed tax levy?
Typically, government entities such as municipalities or school districts are required to file proposed tax levies.
How to fill out proposed tax levy?
Proposed tax levies are usually filled out by the financial department or treasurer of the governmental body.
What is the purpose of proposed tax levy?
The purpose of a proposed tax levy is to generate additional revenue for the governmental body to fund essential services and projects.
What information must be reported on proposed tax levy?
The proposed tax levy usually includes information on the amount of the potential tax increase, reasons for the increase, and how the additional revenue will be used.
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