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Notice of Proposed Property Tax Increase for Champaign-Urbana Mass Transit District

Notice of Proposed Property Tax Increase for Champaign-Urbana Mass Transit District

I. A public hearing to approve a proposed property tax levy increase for Champaign-Urbana Mass Transit District for 2018 will be held on December 13, 2017 at 3:00 p.m. at Champaign City Council Chambers, 102 North Neil Street, Champaign, Illinois. Any person desiring to appear at the public hearing and present testimony to the Board of Trustees may contact Karl Gnadt, Managing Director, 1101 East University, Urbana, Illinois 61802; (217) 384-8188.

II. The corporate and special purpose property taxes extended or abated for 2016 were $7,831,609. The proposed corporate and special purpose property taxes to be levied for 2017 are $10,136,407. This represents a 29.4% increase over the previous year.

III. The property taxes extended for debt service and public building commission leases for 2016 were $0.The estimated property taxes to be levied for debt service and public building commissionleases for 2017 are $0. This represents a 0% increase over the previous year.

IV. The total property taxes extended or abated for 2016 were $7,831,609.The estimated total property taxes to be levied for 2017 are $10,136,407. This represents a29.4% increase over the previous year.