Tax increase coming
To the Editor:
The year 2013 will see any number of tax increases at all levels of government. The re-elected president will begin with a nearly $1.6 trillion tax hike, which is just more of the same. Medicare taxes will go up for everyone, and Al Gore wants a new tax on fuels.
However, here in November and December, watch those legal notices of approved tax levies that must be published. This is how your property taxes increase every year. Some of our taxing bodies did show some restraint by holding down their tax hikes in the past two or three years, as our home values sank and the economy tanked with many foreclosures.
Now the taxing bodies are planning to catch up with their missed raises and pension benefits by raising taxes. All it takes is their board’s approval, with no tax referendum. District 155 will raise its levy by 8 percent, Lakemoor will go up “just a little” by 4.7 percent. And let us not forget the Cary Park District, which wants to buy another golf course and add millions to its debt.
In Cary, we pay the park district twice the taxes paid to our village of Cary. Go figure.
Just look at the line items on your property tax bill. If each one increases by 4.7 percent to 8 percent, the overall tax increases for each tax bill could be several hundreds of dollars. This is not just any exaggeration. This will happen if our local taxing bodies do not hold the fiscal line.
Gary W. Verdung