SYCAMORE – At its subsequent meeting, the Sycamore City Council will appear at suggestions for zoning ahead of the legalization of recreational marijuana sales.
At its Nov. 11 meeting of the city’s organizing and zoning commission, commissioners suggested ordinances that would limit the quantity of dispensaries primarily based on the city’s population enabling for a single dispensary per 9,000 residents. With Sycamore’s existing population of about 17,000, the city can have at most a single dispensary immediately after recreational sales are legalized Jan. 1.
Other regulations laid out involve prohibiting on-web page consumption, craft growers or drive-thru dispensaries. It also will have to comply with state laws and not sustain open hours beyond six a.m. to 10 p.m.
The city voted Nov. four to permit adult-use recreational cannabis dispensaries starting Jan. 1.
Also on Monday’s agenda, the council will appear at 4 alternatives for subsequent year’s tax levy.
The 1st alternative is to sustain the city’s tax price at about .687 The total levy for 2019 would be $three,245,861 – a six% general raise from 2018.
According to city documents, the owner of a $200,000 house would spend about $20 additional than final year.
The second alternative would maintain the city’s levy the identical at $three,061,425.
Taxpayers who personal a house valued at about $200,000 would spend $7.45 much less in the city portion of their home tax bill.
A third alternative is to sustain the tax levy and apply a price to new building. This would raise the city’s total levy by $50,549 from $three,061,425 to $three,111,974, a 1.65% general raise
The typical single-loved ones homeowner would spend a single cent decease in the city portion of their home tax bill.
The final alternative is to raise the levy by making use of a 1.9% inflation element.
The owner of a $200,000 homeowner would spend $eight.69 additional in the city portion of their home tax bill.
“Staff is cautiously optimistic when assessing the strength of the city’s important income sources,” according to the agenda. “While home tax revenues have diminished as a percentage of the city’s spending budget, there continues to be purpose for optimism as new improvement and investment in the neighborhood continues to raise.”
City employees members are recommending the third alternative, but hunting for guidance from the council. The alternative would meet the state’s specifications for funding pensions. It would also maintain the home tax price at the identical as it was in 2018.