Woodstock to have 3 hearings about proposed tax hike
by Michelle Babcock
August 10, 2014 12:12 AM | 2566 views | 1 1 comments | 7 7 recommendations | email to a friend | print
The city of Woodstock intends to raise taxes by 1.31 percent over the rollback millage rate, and the first public hearing on the increase is set for Monday night.

The Woodstock City Council will hold three public hearings on the proposed tax increase, where the city is considering lowering the city’s millage rate from 7.889 mills to 7.25 mills, instead of the rollback millage rate of 7.156 mills, documents show.

The city announced its “intention to increase property taxes” in a news release, which also stated “the financial impact on individual parcels may vary; depending upon the changed in the assessed value from last year.”

The county tax digest shows an increase of about 18 percent from 2013-14 to 2014-15, documents show.

In June, the Woodstock City Council members unanimously approved a $34 million budget for fiscal 2015, based on the proposed rate of 7.25 mills.

The first public hearing will be Monday night during the city council meeting, which begins at 7 p.m. at the Chambers at City Center, at 8534 Main St., in downtown Woodstock.

Additional public hearings will be held Aug. 18 at 6:30 and 7 p.m.

Also at the meeting Monday, the council will:

• Hear an update on the Greenprints trail network;

• Hear a construction hours waiver request from Merrill Gardens on Highway 92;

• Hold a public hearing and vote on a request from Applebee’s for a variance to the city code;

• Have a public hearing and first reading for revisions to the Occupation Tax Ordinance;

• Consider an annexation petition from KM Homes;

• Consider awarding a bid to Patterson Pump Company for water reuse at Rubes Creek Waste Water Treatment Plant Facility; and

• Consider the first reading of a text amendment to Chapter 18 of the Construction Board of Adjustment Procedures.

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ChamberMembersUnite
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August 10, 2014
Increased taxes and changes in Occupation Taxes in Woodstock are a bad deal for taxpayers and current and future businesses that may consider locating here in the future. The city's proposed change in Occupation Taxes will count your company's gross receipts rather than how many employees you may have in order to compute your taxes. If this ammendment passes, businesses better be prepared to open their private financials to city official's prying eyes.
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