Tonight will be the first of two candidates’ nights sponsored by the McHenry County League of Women Voters for County Board candidates.
Districts 3, 4 and 5 candidates will be on the McHenry County College stage starting at 7.
I shall submit a question asking whether candidates will vote to levy taxes for Valley Hi until the $40 million is gone.
As readers know, the County has $40 million in the bank, even though it pretty much breaks even on its $10-11 million budget.
I’d call it a “surplus.”
Overtaxation by previous County Boards.
There is now $41,341,736.59 in the Valley Hi fund.
This last year, by voice vote so every member would be protected, the County Board voted not to levy any taxes.
Taxpayers will save $3 million as a result.
Next year, the question will be whether to re-instate the $3 million levy for the following year or risk the possibility that the $40 million might decrease a bit.
The arguments in favor take the typical tax eater approach:
“We’ll lose it forever.”
The arguments against are that it will probably take decades to use up the $40 million in the bank.
At that time, if more tax revenue is desired, another referendum could be held.
In short, future (probably far future) votes could make the decision.
So, will the League of Women Voters question screeners allow such a question or not.