A bill sponsored by State Rep. Mike Tryon that would allow the McHenry County Conservation District to sell bonds without a referendum is on Third Reading on the Illinois House floor.
Joining Tryon in sponsorship is State Rep. Barbara Wheeler’s cousin, Rep. Ann Williams (D-Chicago).
I had an engaging conversation with Tryon yesterday afternoon.
He told me that the MCCD is the only tax district is Illinois who is prohibited from selling non-referendum bonds.
He explained that the original referendum language gave the Conservation District the ability to sell non-referendum bonds.
He said that the reason for the current prohibition was a technical problem in the statute books, that the bill he picked up from State Senators Pam Althoff and Karen McConnaughay would correct the problem.
He argued that taxes would remain the same.
I replied that taxes would go down as the bonds were paid off, if his bill were not enacted.
I told him that I thought that qualified as a “tax hike.”
The bill in question must be passed today if it is to gain approval during this General Assembly, because House Speaker Mike Madigan is adjourning the House today.