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November 11, 2021, Board Member: RE: 2021 PROPOSED TAX LEVY AND TRUTH IN TAXATION RESOLUTION 2021 Levy Considerations The levy and extension process is set in state statute (35 ILLS 200/18) and outlines

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Who needs tax levy presentation?

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Individuals or businesses who are seeking approval for a tax levy from a governing body or organization.

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What is tax levy presentation?

A tax levy presentation is a formal document or report that outlines the proposed taxation for a certain jurisdiction, typically detailing how funds will be collected and allocated.

Who is required to file tax levy presentation?

Local government entities, such as municipalities, counties, and school districts, are generally required to file a tax levy presentation to inform stakeholders about their intended tax rates and funding needs.

How to fill out tax levy presentation?

To fill out a tax levy presentation, gather financial data, including budget requirements, proposed tax rates, and previous levies, and then complete the required forms as specified by local regulations.

What is the purpose of tax levy presentation?

The purpose of a tax levy presentation is to communicate to the public the funding needs of a government entity, justify the proposed tax rates, and ensure transparency and accountability in the budgeting process.

What information must be reported on tax levy presentation?

The information that must be reported includes the proposed tax rate, estimated revenue, budget details, justification for the levy, and any changes from previous years.

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