The St. Charles City Council unanimously voted against a proposal to increase the property tax rate on Tuesday night.
The hike would have cost a homeowner an additional $8.75 for a home assessed at $160,000.
St. Charles is projecting a budget shortfall in the general fund - thanks to declining sales and property taxes, along with declining casino revenues. An increase of 2.8 cents per $100 assessed valuation would have raised an estimated $350,000 for next year's general fund.
Only two people signed up to speak against the measure at a public hearing.
"I just do not understand when the federal government, or the state government, or now our city government, facing a shortfall, the first knee-jerk reaction tends to be lets raise taxes," said one resident.
All of the council members, including the member who introduced the proposal, voted against the idea. Michael Klinghammer, council president, said the mayor and administration asked him to present the idea in an effort to offset a projected budget shortfall.
When asked why he voted against it, he said, " We don't want to do anything that puts additional burden on our households."
The council introduced another bill to keep the property tax rate at the current level. Bill number 10300 will likely come up for a vote at the next council meeting.
The tax rate in the City of St. Charles has remained at 0.8810 per $100 assessed valuation since 2007. In 2006, the rate was 0.9200. That's down from $1.04 in 1996.