Sky Obscured with Haze
57°
Crystal Lake, IL
Sky Obscured with Haze|Forecast »

FRG will not take inflation rate on levy

FOX RIVER GROVE – The Fox River Grove Village Board on Thursday passed its tax levy request of $835,566, choosing to extend its levy only by new construction and not taking the inflation rate.

The village could have increased its levy by the rate of inflation under tax cap law, but it chose not to. By not taking the Consumer Price Index, which is 3 percent, the village loses out on $37,000.

If the village had taken the full amount allowed under the law, it would have meant an owner of a $250,000 house would have paid about $13 more next year to the village.

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com


Reader Poll

Which gaming system do you own?

Xbox
Wii
PlayStation
other
more than one