New Chief Financial Officer of MCC Bob Tenuta offered up a levy increase half of his predecessor’s 9.99%.
Tenuta suggested 4.99%–just 1/100 of a percentage point below the 5% figure above which tax districts have to publish their greed in a heavy black-bordered box in local newspapers and hold a public hearing.
The Property Tax Cap allows all tax district to pry whatever was the increase in the Cost of Living in the previous year.
That inflation figure is 1.7% for next year’s tax calculations.
Three Board members–Chris Jenner, Molly Walsh and Tom Wilbeck–expressed their surprise and displeasure at this “tax to the max” approached.
Tenuta defended his recommendation that 3.29% high in the levy above the increase in the CPI by saying that he wanted to capture all the new growth.
An argument can be made for going after the new construction that has occurred the year before, but, if the amount selected is too high and the tax district board decides that it really doesn’t want to take more money out of existing taxpayers’ pockets, then any amount above that of new growth will just raise the taxes of those already living here.
After the meeting, I asked Tenuta about his estimate for new growth. He would not provide me with figures, saying it was too early.
So, I asked the Supervisor of Assessments. He agreed with Tenuta that it was too early.
So, I asked veteran Algonquin Township Assessor Bob Kunz, a man who is my nominee for ideal public servant.
He sent me numbers from last year that he pulled off the McHenry County Clerk’s web site.
New growth last year was $33,874,948 for McHenry County College.
What was the total assessed valuation?
So that means new growth was less than a half of one percent.
Certainly nowhere near the 3.29% suggested by the Chief Financial Officer.
Kunz provided more information.
“Check out the last ten years for MCC, from the levy/extension reports on the county clerk’s website. You can see that even pre-recession new numbers didn’t get to 5%:
My suggestions is that these numbers be provided to the MCC Board at this Thursday night’s meeting.