Tax protest attorney Tim Dwyer has not only sued Algonquin Township for having excessive money in the bank while still asking for and getting more, but he has also targeted McHenry Township.
Below are the facts that Dwyer hopes will convince a court that tax refunds should be ordered to be paid to those who are party to the suit:
The Township levied $1,876,425 for its 2014 levy.
The Road District Levy was for $3,532,868.
Although the Township and the Road District are separate entities, the Township audit incorporates both entities.
Together, the Township and the Road District issued levies of $5,409,294.
According to the Comprehensive Audit of the Township and the Road District, the total net position at the end of the fiscal year was $11,815,480.
Taking that number, in addition to the levy of $5,409,294, the Township and the Road District had $17,224,774 in funds available for fiscal year 2014-15.
The total expenditures for the three previous fiscal years is less than 5,000,000.
Accordingly, the Township and the Road District have over three times its annual revenues with cash on hand in conjunction with the 2014 levy.
According to the Supervisor’s Statement of Financial Affairs, the beginning balance for the Township was $3,262,733.71 as of April 1, 2014.
The annual expenditures were $1,611,352.40.
Thus, even without a levy, for Township had over two times the annual expenditures as a balance of cash on hand.
This remains a violation of Illinois law, as the levies issued by the Township and the Road District are excessive, invalid and illegal.
The request of the Court is for it to invalidate all of the levies and order a full rebate to plaintiffs in the suit.