Results About 11 PM

Posted on by November 9, 2016

With 121,938 counted in the Presidential contest in McHenry County, the following might be of interest.

For State Senate in the southeastern part of McHenry County:

Total 27,038

For State Representative to replace Jack Franks:

Total 34,193

For State Representative to replace Mike Tryon Allen Skillicorn is ahead both in McHenry County and Kane County.

Total 29,979

For County Board Chairman, Franks is getting about the same percentage that he got when Steve Reick challenged him two years ago:

Total 117,792

For Recorder of Deeds:

Total 114,219

For State’s Attorney:

Total 115,978

For District 1 County Board:

Total 37,710

For District 2 County Board:

Total 35,029

For District 3 County Board:

Total 34,683

For District 4 County Board:

Total 19,528

For District 5 County Board:

Total 32,795

For District 6 County Board:

Total 40,356

The Crystal Lake Library referendum:

Total 17,167

The Algonquin-Lake in the Hills Fire Protection District tax hike:

Total 13,393

Village of Greenwood tax hike:

Total 145

Comments

Results About 11 PM — 16 Comments

  1. But we don’t have any idea how many precincts still have to be counted from today’s vote?

    At the very least Mary McClellan could have placed FAQ section on the website explaining this stuff.

    Very poor communication skills.

  7. Northwest Herald

    Republican Patrick Kenneally Elected McHenry County State’s Attorney

    November 9, 2016 at 1:47AM

    by Jordyn Reiland

    “His goal at the end of his first term is to cut the state’s attorney’s office budget by 10 percent, or $300,000.”

    http://www.nwherald.com/2016/11/08/republican-patrick-kenneally-elected-mchenry-county-states-attorney/acoleq9

    ++++++++++++

    The budget of the State’s Attorney’s office is a subset of the County Budget.

    The County represents about 10% of a property tax bill.

    One aspect of reducing a department (State’s Attorney’s office) budget is to determine which debt and liabilities, and what portion of those debt and liabilities, to allocate to the department.

    The county as a whole (not including forest preserve) has:

    Compensated Absences – $5,835,511

    Capital Leases – $1,685,061

    Debt Certificates (bonds) – $27,205,000

    Debt Certificate Insurance Premiums – $969,427

    Installment Contract – $4,800,000

    Claims and Judgements (Health Claims) – $3,197,870

    Claims and Judgements (All Other Claims) – $1,674,033

    IMRF Regular Plan Net Pension Liability (unfunded liability) – $12,678,371

    Other Post Retirement Benefit (OPEB) aka retiree healthcare – $8,401,975

    +++++++

    The State of Illinois has balanced its budget using gimmicks resulting in massive unpaid bills, bond debt, underfunded pensions, and underfunded retiree healthcare.

  8. The above figures are from the county’s fiscal year 2015 (FY 2015) comprehensive annual financial report (CAFR).

    Just use it as a ballpark.

    For instance, the Compensated Absences mistakenly included the Forest Preserve, so reduce that figure to $5,111,112.

    The main point being having a truly balanced sustainable budget involves a lot of moving parts.

  9. Northwest Herald

    Crystal Lake Majority Oppose Library Referendum

    * Algonquin – Lake in the Hills Fire Protection District Tax Hike Passes

    November 9, 2016 at 1:50AM

    by Jordyn Reiland

    “Building and equipping a new library would increase property taxes about $132 a year for the owner of a home assessed at $200,000.”

    http://www.nwherald.com/2016/11/08/crystal-lake-majority-oppose-library-referendum/a1yv8ix

    ++++++++++

    Once again, $132 a year per $200,000 Fair Cash Value is for year 1.

    The schedule for future years was never given.

    Mr. Skinner reported the bonds would be issued for 20 years (where is that information on the village, library, or referendum website).

    Unless explicitly told so, which apparently did not happen, one cannot assume it is $132 per $200,000 home Fair Cash Value for all 20 years.

    That might be the case.

    That might not be the case.

    ————

    Often bond payment schedules are structured in a ladder like fashion.

    Meaning, (just making up some figures):

    Year 1 – $132

    Year 2 – $135

    Year 3 – $135

    Year 4 – $140

    Year 5 – $141

    Year 6 – $150

    etc.

    Plug whatever numbers you want into the slots.

    ————-

    Why would they do that?

    How about fixed payments such as in a traditional 30 year fixed rate mortgate?

    ——–

    Often the issue is managing existing debt with newly issued debt.

    Meaning, the debt is structured to prevent spikes in property taxes,

    So as existing debt goes down, new debt goes up.

    ——–

    Sometimes, there are more nefarious reasons for the debt service schedule.

    In the worst case scenario, the $132 is a teaser rate, the rates steadily climb, with a balloon payment at the end which will have to be refinanced (refunded), resulting in a sure deal for some company in the future to profit from the refinancing of the hiked payments or the balloon payment.

    That has happened in Illinois.

    ————

    So to be prudent the taxpayer should insist on:

    1. Proposed Debt Service Schedule.

    2. Existing Debt Service Schedule.

    3. Estimated Interest Rate that was used in the New Debt Service Schedule.

    4. Estimated property taxes per $200,000 Fair Cash Value, for each year of new debt service schedule.

    5. Estimated fees to those profiting from the bond deal (underwriter, bond counsel, financial advisor, etc.)

    6. Summary and detailed cost estimates for the new building.

    7. Summary and detailed cost estimates for any options that were not selected, such as scaled down building, remodel, etc.

    8. Complete disclosure on the amount paid for any property that has already been purchased.

    9. Any Powerpoint presentations or reports that have been submitted to the board or administration of the library or city about the proposed library and the financing of it should be placed on a website, clearly marked, in an easy to find location.

    ++++++

    In most bond referendums in Illinois, the property taxpayer does not have adequate information to make an informed decision.

  10. Northwest Herald

    Greenwood Property Tax for Roads

    November 9, 2016 1:50AM

    “About 123 voters, or 83 percent, voted ‘no’ and 26 voters, or 17%, voted ‘yes’ according to unofficial results.

    http://www.nwherald.com/2016/11/08/crystal-lake-majority-oppose-library-referendum/a1yv8ix

    +++++++++

    There were several referendums in the article.

    The article didn’t indicate the update time of each referendum.

    Thus the time stamp for the above vote count is unknown.

  11. Northwest Herald

    November 9, 2016 at 1:50AM

    by Jordyn Reiland

    Algonquin – Lake in the Hills Fire Protection District Tax Hike

    “About 7,790 voters, or 54 percent, voted ‘yes’ and 6,593 voters, or 46 percent, voted ‘no,’ according to unofficial results.”

    http://www.nwherald.com/2016/11/08/crystal-lake-majority-oppose-library-referendum/a1yv8ix/?page=2

    +++++++++++++++

    There were several referendums in the article.

    The article did not indicate the time stamp for each referendum.

    Thus the time stamp for the above count is unknown (it may not have been 1:50AM).

  12. The New York Times has a nice summary of many of the above offices.

    They don’t drill down to County Board Members, but they do have the County Board Chair.

    Note the Will County CEO is a Democrat.

    Jack Franks pushed for the County Executive form of government referendum to pass on November 6, 2012, in which case he would now be McHenry County CEO.

  14. Has an independent ever been elected to the Illinois General Assembly?

  16. Thanks I looked it up, it appears though that he ran as a Republican not an independent before running as a Democrat.

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