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Cary board adopts ordinance adding CPI and new-growth revenue to 2025 levy
Summary
Trustees approved an ordinance adding $91,618 from CPI and new-growth to the village levy, with officials saying the increases are limited by state law and intended to cover rising costs such as police pension obligations.
The Village of Cary board voted unanimously Dec. 16 to adopt an ordinance that adds Consumer Price Index (CPI) adjustments and new-growth revenue totaling $91,618 to the village's 2025 real-estate tax levy. Mayor Kownick introduced the measure, which the board moved and seconded before a roll-call vote in which six trustees recorded 'Yes'.
The ordinance was presented after the Committee of the Whole's Nov. 18 discussion. Kylie, identified in the meeting as the village finance director, said new growth reflects added taxable value from new construction (about $1,000,000 in 2025, or roughly 0.14…
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