In 1959, its founder and original developer Jay Stream incorporated the Village of Carol Stream. Jay Stream envisioned Carol Stream as community comprised of residential homes in the west sector mixed with light industrial business and industries in the east sector. Since its incorporation 50 years ago, the Village has continued to grow and prosper each year. Today, the Village is home to over 900 businesses and industries and approximately 40,750 residents living in 14,350 dwelling units. Because of a strong industrial and commercial base, the Village has been able to offer its residents a full array of municipal services without levying a local property tax. Carol Stream offers its residents modern schools, a large modern park system, a recently expanded full-service library and a community of churches serving many religious denominations. The Village has recently expanded its water and wastewater utilities to meet projected future customer demand for these essential Village services.