Sycamore City Council voices support for freezing tax levy
SYCAMORE – The Sycamore City Council voiced early support for freezing its property tax levy during its Monday meeting.
The city could hold its property tax levy at $2.6 million for a third year in a row, resulting in a $1.20 increase on most residents’ city portion of the property tax bill. The increase is necessary to generate the $2.6 million because total property value in the city fell almost 10 percent from $410 million to $371 million.
All the council members supported the freeze, with Alderman Rick Kramer noting it was good to see positive trends in sales tax and other revenues so there is not as much reliance on property taxes.
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