This article is run for a second time, because of the slight of hand that Jack Franks and the McHenry County Board may pull while claiming to cut taxes.
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How is that possible, you ask?
By taking money McHenry County has in the bank and spending it.
That is apparently what McHenry County Board Chairman Jack Franks intends to do next year.
Here is the relevant policy change passed by the Board on June 19, 2018:
The property tax levy is almost $72 million this year.
If the same amount were spent every month, the county would have $6 million more with which to spend and/or cut real estate taxes.
If all were given back to property taxpayers, the tax levy could be cut by about 8.3%.
But Franks has announced only a 3.8% tax cut goal.
That would be about a $2.7 million cut from this year’s $71,839,960 tax levy.
That’s only about 45% of the $6 million that the bank balance is being cut.
Correct my math if my chain of logic is incorrect, but that leaves about $3.3 million to be spent elsewhere.
So, that’s how McHenry County government can cut taxes without cutting spending; instead actually increasing spending.
In Springfield, this would be characterized as using smoke and mirrors.