CARY – Cary officials are proposing to increase the village’s levy by about $52,000.
Village Board members Tuesday will consider their annual property tax levy.
Staff members have proposed to increase the village’s levy to $2.5 million up from the $2.45 million it received this year.
Because the village is non-home rule, Cary is limited in how much it can take in according to the Property Tax Extension Limitation Law. It can either increase its levy by 5 percent over what it took in this year, or by the rate of inflation, whichever is less.
The consumer price index increase for the latest levy is 1.7 percent. Village officials expect property values to decrease by 8.97 percent, according to village documents.
The limits do not apply to any new property growth that took place during the year. Village officials expect new property to increase by 0.43 percent, according to village documents.
Final tax rates won’t be set until property values are set in the spring.
Estimates on how the levy would affect the typical homeowner were not done by the village because home values can be volatile, said Village Administrator Chris Clark.
Village board members also are set to vote on whether to terminate its alarm-monitoring program.
The village has had a fire and security alarm-monitoring program since 1994. However, dispatch services have changed since that time, including the creation of the Southeast Emergency Communications dispatch service, of which Cary is a member.
According to village documents, the alarm lines that are part of the program, which has 11 subscribers, are connected to an obsolete monitoring system within the department.
The alarms are monitored by members of the police department’s records office and by SEECOM.
“There are times, however, when the police department records area is not staffed and the alarms are only monitored by SEECOM,” according to a village memo written by Clark.
The village can terminate its alarm-monitoring services with six months notice, according to village documents.
Among the entities that have fire and security alarm-monitoring through the village of Cary are the Fox River Grove Public Library, the Fox River Grove Municipal Center, the Cary Post Office and the Fox River Grove Dire Department stations.
Cary Village Board
When: 7 p.m. Tuesday
Where: Village Hall, 655 Village Hall Drive.