“Villages dissolve because their in debt and they can’t see their way out. This village has no debt,” said Village Mayor Jim Hoteling.
Hoteling opposes dissolving the village. He says a financial study of the impact of dissolving the village shows most homeowners will only save about $200 in taxes. Hoteling believes that savings will be lost in other expenses like fire service.
“The $200 that you’re saving on this snapshot in time that we did will be eaten up in a higher insurance rate,” said Hoteling.
Former Village Fire Chief Greg Fry agrees. There’s a potential for us to take the ISO rating up to 9 percent which to me personally and my family means an increase of almost $300 a year in homeowners insurance,” said Fry.
This is the second time a proposal to dissolve was put before village residents. A similar proposal was defeated in 2002. Residents will vote on this proposal on March 18th.