Financial Information

Financial Information & Transparency
The Finance Department manages all accounting operations, accounts payables, accounts receivables, auditing, budgeting, debt management, financial reporting, payroll, and purchasing.

The Fiscal Year 2026-27 approved budget is now available here. For comprehensive financial reports, historical data, and detailed budget information, please visit the Transparency Portal.

Tax Levy
Information on the Village of Libertyville's tax levy can be found in the Tax Levy Information Guide.

Non-Home Rule Sales Taxes
By voter referendum held in March 2020, the Village of Libertyville enacted a non-home rule sales tax of 1%, effective July, 1, 2020.

Information from the Illinois Department of Revenue regarding the collection of the Non-Home Rule Sales Tax is available here - Illinois Department of Revenue Non-Home Rule Sales Tax Circular

Special Non-Home Rule Sales Taxes
The Village of Libertyville has also enacted, by ordinance, a Special Non-Home Rule Sales Tax at a rate of 0.5%, effective January 1, 2023.

Information from the Illinois Department of Revenue regarding the collection of the special non-home rule sales tax is available here -   Illinois Department of Revenue Special Non-Home Rule Sales Tax Circular

IMRF Employer Cost and Participation Information
The Village of Libertyville participates in the Illinois Municipal Retirement Fund (IMRF) which provides retirement and related benefits to eligible Village employees.  

Public Act 101-0504, approved by the Illinois General Assembly in 2019, requires IMRF to post employer cost and participation information on its website. Participating employers must provide a link to these disclosures.

Click below to view the required information:

IMRF Employer Cost and Participation Information
https://www.imrf.org/en/about-imrf/transparency/employer-cost-and-participation-information
IMRF updates these reports annually.