Ups and downs mean Rock Falls needs more revenue
ROCK FALLS – Pension costs are going up, and property values are going down. A likely result of both occurrences is that the Rock Falls government will increase its tax levy for 2014 by 4.99 percent. Because the increase would be less than 5 percent, no public hearing is required. But the City Council will give the proposed levy increase – from $1,052,421.67 this year to $1,102,681.85 next year – a second read at its next meeting, scheduled for Dec. 17.