City Passes Annual Budget and Tax Levy
At the Wheaton City Council’s Dec. 20 meeting, the Council adopted the annual budget for the City of Wheaton and the annual property tax levy. The final budget for all funds projects for the City to generate revenues of $157.6 million, with $146.1 million in expenditures.
At the Dec. 20 meeting, the Council also passed the annual property tax levy. The City Council voted to adopt a flat tax levy, which reflects no increase from the previous year’s tax levy. The financial impact of the levy for a property owner depends on the change in the assessed value of their property from 2020 to 2021, however the City projects that most homeowners will not see an increase in the City’s portion of their property tax bill.
City of Wheaton staff have been preparing this budget for several months, and the City Council held two budget workshop sessions, on Nov. 8 and Nov. 13, to review the proposed budget. The proposed budget has been available for public review since early November, and the Council invited the public to attend the workshop sessions and a public hearing on Dec. 13. You can watch the videos of these workshops and public hearing on the City's website.