SYCAMORE – Sycamore City Council will hold a public hearing on the 2019 corporate tax levy before its regular meeting.
The current proposal, which council members expressed favorably at their Nov. 18 meeting, would increase the city levy by about $50,000 – a 1.65% increase according to city documents – but because of new construction within the city limits, the owner of a $200,000 home would see the city portion of their property tax bill increase by one penny.
Total citywide equalized assessed value increased by about $27 million.
The other tax that makes up the corporate levy is for the Sycamore Public Library.
The proposed tax levy, voted on and approved by the Library Board, is for about $1.1 million. It will be an increased of about $19,000 over last year’s levy, but homeowners should see no change on the library portion of their property tax bill, according to city documents.
The owner of a $200,000 home would pay about $170.
“Combined, the city and library levies make up the corporate levy,” according to the agenda for Monday’s meeting. “Based on the options recommended ... the corporate levy totals $4,269,473.”
The council also will hear a presentation from Human and Administrative Resources Director Maggie Peck.
“This past year, the city of Sycamore received a safety grant in the amount of $7,429 from Illinois Public Risk Fund, who has partnered with Levipol and Local GovU to provide municipalities with safety equipment and products to help reduce workplace injuries,” according to the agenda.
Peck will discuss the items and equipment purchased with the grant money during the past year.