Cary takes new growth, to see slight increase in property tax levy extension
Updated 12/18/2020 1:32 PM
The village of Cary s property tax levy is set to rise less than a percentage point to about $2,540,400, the village board decided Tuesday evening.
This represents an $8,190, or 0.32% increase, from last year s levy of $2,532,210.
Mayor Mark Kownick emphasized the village doesn t take these types of increases lightly, adding the $8,190 in new growth will not have a negative impact on homeowners.
The increase is designed to collect the same level of taxes on new construction for example, a new subdivision or an addition on a home that is levied on existing property value.
Updated 12/17/2020 9:54 AM
Eligible sales tax-generating local businesses affected by COVID-19 can get up to $20,000 under a new Business Relief Grant Program created by the village of Cary.
Cary s grant program is primarily funded through a $500,000 grant the village received from the Illinois Department of Commerce and Economic Opportunity, according to a news release.
The village will provide an additional $100,000 for a total grant fund of $600,000. The COVID-19 mitigation measures have significantly impacted all of our lives and have taken a devastating toll on many of our local businesses, Mayor Mark Kownick said in a statement. We are pleased to be awarded $500,000 from the DCEO to help our local businesses. We have and will continue to seek opportunities to support our local businesses during these challenging times.
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