The Vandalia City Council will hold a truth in taxation hearing concerning the proposed tax levy for this year prior to its December 17 council meeting. The council voted during Monday night’s meeting to recommend a 10.87% increase in the tax levy for the coming fiscal year with the increase only being seen in the police pension fund while all other funds will stay the same. In discussing the levy and three options, or Options A, B and C that were laid out to the council, Dale Timmerman of Timmerman and Associates gave the aldermen some figures as to what that would do for a property owner’s taxes. Based on a current $3,000 tax bill, if the city were to approve the Option B proposed levy of 10.87%, that would make for about a $47 increase in property taxes. If the city would instead approve one of the other presented amounts, that figure could be as low as $17 if Option C of a 4% levy would be approved or as high as $117 if Option A of a 26.84% levy was approved. And Timmerman talks about the increases for property taxes.
City Administrator LaTisha Paslay also brought up the point that the city is only a small portion of property taxes as what other taxing bodies do as far as increases or decreases will also effect the amount of property tax bills.
The Truth in Taxation hearing will be held at 6:30pm on December 17 at City Hall. The council will then take a vote on the recommended levy at its regular meeting scheduled for 7:30pm that same night.