How are my tax dollars managed by the Village?

While the Village recognizes that tax bills are a concern to many residents, the community should feel confident that their tax dollars are well managed. The Village sustained an AA+ rating in fiscal year 2021, due to continued strong financial management, practices and policies. To be able to sustain an AA+ rating in fiscal year 2021 — amidst the challenges of the COVID-19 pandemic — was an incredible achievement for the Village. Flossmoor’s Finance Department is award-winning, having received the Government Finance Officers Association (GFOA) Certificate of Achievement in Financial Reporting for 45 consecutive years. The Finance Department has had five or fewer audit adjustments every year since 2006. In fiscal year 2023, the auditors have reported that no audit adjustments were needed. 

Show All Answers

1. Where does the Village get its money to provide services to residents and businesses?
2. I’m new to Flossmoor. Why do property taxes seem so high?
3. My annual property taxes are almost $12,000. Where do the taxes go?
4. Are property taxes and sales tax the only sources of revenue for the Village?
5. How are my tax dollars managed by the Village?
6. I notice quite a bit of street construction and sidewalk replacement. Do my property taxes pay for this work?
7. In light of these capital projects, what was the initial impact on my property taxes?
8. While I’m glad to see efforts to improve infrastructure, will my property taxes be higher?
9. How is the amount I pay in property taxes determined?
10. How does the Village save taxpayers money when its infrastructure projects are paid for in cash without borrowing and incurring debt?
11. How else does being a non-home rule municipality impact borrowing costs?
12. What is the current outlook for the Village’s finances?
13. Doesn’t the Village have reserves that can be used to defray these additional costs and projects?
14. How can I more closely follow the Village’s expenditures?