Fayette levy vote next week 2012.10.31
The 2.0-mill park levy was last replaced in 1998, but the 2.9-mill general operating levy has not been updated since 1968. Replacing the park levy would add about $5,600 to help with general maintenance and special projects.
The general operating levy would grow by $21,000—just enough money to cover the cost of the annual loan payment for a village-wide street paving project. A grant covers half the cost of the $401,000 project.
The majority of the village streets will be resurfaced through the combined sewer overflow project, but those that aren't included will be addressed through the paving project.
Village administrator Steve Blue told council members on Wednesday that a few recent changes were made to the sewer project which will then effect the village-wide street resurfacing project. Nearly every street will be resurfaced, but not those considered to be already in good condition.
Curbing is not part of the project—that would have added much more to the cost—although streets should be paved to a standard width and the project will repair the edges of streets that are crumbling.
The owner of a home valued at $75,000 would pay about a dollar a week in additional taxes. Residents who are 65 years and older or disabled can apply for a homestead credit that subtracts $25,000 from the value of a home for taxation purposes.
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