Waukegan Votes for 6th Year of No Property Tax Increase

UPDATE: Waukegan property taxpayers will breathe a sigh of relief as the city council just approved a 2025 real estate tax levy of $37.3 million, maintaining a **sixth consecutive year** without a tax hike. This crucial decision was finalized during a meeting at City Hall on Monday, ensuring stability for homeowners when they receive their tax bills from Lake County in the spring.

Mayor Sam Cunningham expressed pride in the city’s budgeting process, stating, “We identified these things early on, and it has helped us to achieve a zero-levy increase for six years.” The city’s financial strategy, developed well in advance, allows Waukegan to keep taxes stable, reflecting a commitment to fiscal responsibility.

Homeowners with an average three-bedroom home valued at approximately $240,000 will see their annual property taxes remain around $4,469. However, Ald. Lynn Florian warned that while the city’s portion of taxes stays unchanged, the total tax bill may vary due to increases from other entities such as the Park District and school districts.

In a recent development, the Waukegan Community Unit School District 60 has also kept property taxes flat for the past five years but recently increased its levy by 4.99%, citing the need to maintain educational quality. Cunningham emphasized that Waukegan often receives undue blame for tax increases when multiple government entities contribute to the total tax bill.

Looking ahead, the city faces significant financial obligations, including plans for a new police station and fire station, as well as potential liabilities from ongoing legal settlements. “We are looking at building a new police station and a new fire station,” Cunningham noted, highlighting the city’s commitment to public safety while managing its budget prudently.

The allocation of property tax revenue is meticulously planned, with approximately $4.87 million designated for the Waukegan Public Library and $6.75 million for garbage collection. Furthermore, around $22.5 million goes towards funding police, fire services, and pensions, ensuring vital city services remain intact.

As Waukegan enters the second half of its fiscal year ending on April 30, 2024, the city remains hopeful that it can continue to maintain this tax level while addressing essential infrastructure and service needs.

Residents are encouraged to carefully review their upcoming tax bills, noting potential changes from other taxing bodies, while celebrating the city’s commitment to keeping its portion steady amidst shifting financial landscapes. This decision reflects Waukegan’s dedication to its residents and their financial well-being, making it a significant topic for discussion in the community.

Stay tuned for more updates as the situation develops.