JOLIET – The Joliet City Council this week approved the 2018 property tax levy and budget.
The property tax rate will stay the same but total property taxes will increase by
3.35 percent to $41.6 million as a result of higher land values and new construction.
Police and fire pensions, which must be paid with property taxes, account for
$26.3 million of the levy. The Joliet Public Library will get $6 million from property taxes.
The entire city budget is $280 million, which actually is down from estimated 2017 year-end spending of $281 million.
The general fund, which covers most daily operations of the city, is nearly $180 million with a roughly $5 million deficit that will be covered by city reserve funds.
The city’s water and sewer operations are budgeted at $64.2 million with $9.5 million of that going for improvements of the city system.
A public hearing was held on the city budget at the Monday City Council meeting, but no one spoke.
The City Council unanimously approved the budget at its meeting Tuesday with little discussion.
Councilman Larry Hug called for a separate vote on the $500,000 city contribution to the Rialto Square Theatre, which was then approved, 7-1, with Hug casting the only no vote.