DYER | The town will hold a public hearing June 13 on a proposed property tax that would benefit Dyer’s park.
The decision to pursue the tax comes at a good time for the town, given that the Legislature recently unfroze the tax levy for Lake County communities. However, the proposed tax must still pass muster with the residents and with the Department of Local Government Finance.
The town would be asking for a levy of up to .0167 cents, which could cost Dyer taxpayers between $12 and $30 extra per year. That money would go into a cumulative building fund which would then go toward maintaining town parks and supporting park building projects.
Following the hearing, the council would pass an ordinance, which would then go before the DLGF for another hearing.
If 30 or more Dyer residents object to the proposed tax and fund, their concerns will be heard downstate, Town Attorney Bill Enslen said. The fund and its accompanying levy would ultimately be established via a vote by the DGLF.
If ultimately passed, the fund would be the first new nonbond-related source of funding for the parks.
The Park Board took out its first bond several years ago, and the bond money is very nearly depleted.
The board still has much of Central Park to develop, as well as maintenance and future projects in Dyer’s townwide system of neighborhood and community-oriented parks.
The Redevelopment Commission recently gave the Park Board $200,000, which the board plans to spend on several projects, including fencing for a future dog park.