Legislative Committee Might Consider MCCD Tax Hike Bill

Nick Provenzano

Nick Provenzano

Nick Provenzano has scheduled a meeting of McHenry County’s Legislative Committee on Friday at 8:15 AM.

There is no agenda, but it is possible that its members will consider the legislation that will allow the McHenry County Conservation District to raise taxes by selling non-referendum bonds.

Last spring the Legislative Committee was asked by House Bill 3341 sponsor State Senator Pam Althoff to add its approval to that legislation, plus another bill to allow a vote to increase MCCD’s tax rate.


Comments

Legislative Committee Might Consider MCCD Tax Hike Bill — 7 Comments

  1. Will the Commitee also consider proposing legislation that allows County governments to issue bonds only after voter referendum approval as suggested by Mark?

  2. This will not help Nick’s political carrier to promote this agenda MCCD.

    I still think that the name should be changed from MCCD to TAX AND SPEND DISTRICT.

    Every one has to tighten there belts and MCCD should do the same.

  3. Google found the 2012 MCCD CAFR.
    http://www.mccdistrict.org/rccms/wp-content/uploads/2014/09/FY-2012-CAFR.pdf

    Self proclaimed Major Funds are:

    General Fund.
    Debt Service Fund.
    Dedicated Projects Fund.
    Capital Projects Fund.

    Other funds are:

    Insurance Special Revenue Fund.
    Natural Restorations Special Revenue Fund.

    Search on Debt Service Extension Base in that document.

    Page 74 (page 112 of the pdf).

    Note the Nonreferendum Debt Service.

    And the Nonreferendum Debt Service Extension Base Margin.

    The next page (page 75 (page 113 of the pdf) contains the Debt Service Schedule.

    Google also found the 2014 MCCD CAFR but there is a problem with website’s security certificate, if anyone care’s to inform them.
    https://www.mccdistrict.org/web/assets/board/2014/FY%202014%20CAFR.pdf

    Here’s another MCCD URL with a problem with the website’s security certificate.
    https://www.mccdistrict.org/web/assets/publications/press%20releases/FY%202012%20CAFR.pdf

    2013 CAFR results in an error message / page not found.
    http://www.mccdistrict.org/web/assets/publications/BudgetInfo/2011%20CAFR%20Final.pdf

    Here’s a cursory 2013-2014 Annual Report for the period ending March 31, 2014, not very comprehensive at 6 pages.
    http://www.mccdistrict.org/rccms/index.php/district-publications/
    http://www.mccdistrict.org/rccms/wp-content/uploads/2014/08/2013-14-Annual-Report-Finalsingles_web.pdf

    Calling it an Annual Report is probably a stretch.

    This would be a red flag.

    Total Revenues: $22,038,738
    Total Expendituers: $24,472,314

    Other Financing Sources:
    Transferred $7,088,264 in then out (what’s the revenue source?)
    Sale of Capital Assets: $8,132
    Net Change in Fund Balances: $(2,425,444)

    That’s a loss of $2,425,444.

    Selling non-referendum bonds would generate more revenue.

    They really do a lousy job at financial transparency and appear strapped for cash.

  4. I’m posting in this comment section because I attempted to post this in the other string all day to no avail.

    I pray this reaches those it’s meant to reach in the previous string.

    Thank you for this string.

    It is an absolute pleasure.

    Steve: If you fund a department to the tune of 50% to 300% higher than their peerage then I might say you have allowed policy rather than created policy.

    Money is indicative but not creative.

    Semantics.

    I know.

    Susan: I apologize deeply for misquoting you.

    I am conceptual in nature and believed the idea of a Detroit level implosion due to bad governmental policy would result in the near extinction of the prey thereby starving the predators (public unions and governmental types) which I characterized as “not giving them one more dime”.

    Hyperbole. Y

    et your example is apt in associating the economic situation with the Laws of Nature finding a new balance.

    There is a correct balance of predator and prey.

    There really only is a debate about where this balance is achieved and what diversity of predators is intelligently sustainable.

    Occasionally nature sees fit to destroy a predator completely.

    Should public unions be considered the T Rex predator needing extinction?

    Federal Department of Education?

    HHS?

    I have my opinions but this seems to be the debate I hear every day in the street.

    You framed the debate well in the microcosm of McHenry County politics.

    MTea1:

    First of all I don’t meet anyone who does not love and respect the teachers who taught and educated them.

    Whether they remember one or many fondly the teacher is the blessing which keeps on giving.

    You, however, make my point brilliantly.

    We need to learn from you today.

    Being an emotional creature you took a discussion about money and political/historical concepts so personally you believe it is “hate filled rhetoric”.

    You believe this conversation, which started with Cal lobbing information of MCCD’s (and the State’s) over reach and evolved into using the current library debate as another example specifically was an attack on the respect we, as a society, should have for our educators.

    Steve, this is what I was trying to point out.

    Policy is made by creative human beings with emotions, intelligence and priorities.

    If we only ever attack the money we don’t address the MTea1’s of the world and help them understand we agree with them in that their difficulties as teachers stemming from conflicting visions from the top are really just over funding of too many conflicting power brokers we fail in our duty to the emotional while doing an excellent job of helping the coldly rational see the indicators of the problem.

    MTea1 actually believes this conversation, which we see as compartmentalized into monetary policy and the proper size/role of government, is personally attacking her, her beliefs, her peers and her value as an educator.

    Doesn’t seem logical to the subject of this debate and yet is a brilliant commentary on why we need to use money as a tool while recognizing it is the human we need to address as we fight to regain our freedom from the indentured servitude into which others have sold us.

  5. The public in general has no clue how much they are obligated to pay in future property taxes, income taxes, fees, and other sources of government revenue.

    Main problems are bond debt service, unfunded pensions, and bogus actuary rules dreamed up by the Illinois General Assembly and lack of accountability and ethics in the actuary profession.

    That has caused hidden future payments.

    This drama has been unfolding for 44 years.

    Pick a taxing district, state agency, pension fund, or retiree healthcare fund and start revealing the hidden future payments and current expenditures.

    Keeping compassion in mind.

  6. HA! Yes, Mark.

    Always compassionately…

    Thank you.

    Carrying a brutal Forensic Accountant in your arsenal, of course.

  7. Compassionate is not giving out 40 years of pension and retiree healthcare hikes to pension and retiree healthcare funds that were already underfubded using bogus actuarial methods and not explaining what was ocurring to the public.

    All of which should have been against the law by any level of common sense.

    Basic common sense and financial principles is not carrying a brutal financial accountant in your arsenal.

    You cannot run any organization be it a church, rape victims support group, AA, child advocacy non profit, etc. successfully by ignoring basic financial principles.

    None of those organizations could get away with the tricks pulled by Illinois State government.

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