From Algonquin Township Road District Commissioner Andrew Gasser to members of the Algonquin Township Board:
I just wanted to give you the Road District Levy for review and comment.
We have kept the R&B [Road & Bridge] levy flat at $2,716,482.
We have cut the E&B [Equipmen and Building] levy by seven percent and the new levy is $879,680 for a reduction of $66,213.00.
As you may know our E&B fund has been the subject to litigation for over-taxation. Here is where we stand right now:
E&B Cash on Hand – $1,487,864.37
E&B Cash in CDs – $500,000
2019 Levy – $ 879,680
E&B Cash on Hand $2,867,544
Long story short is despite all the obstacles we are looking good.
We will accelerate our truck replacement program as well as accelerate our capital improvement program for next year in conjunction with a meaningful tax cut.
My only regret is I cannot move E&B funds into R&B for road work.
As many of you know, we have a seriously degraded bridge that is estimated to cost in excess of $480,000.
It is in bad shape.
[The bridge is near Haeger’s Bend near the Algonquin-Barrington Hills boundary.]
We are applying for a grant and if we are successful it will be our third bridge in three years.
No township to our knowledge has ever accomplished this.
If we do not get the grant we will look to other means to replace it.
Overall the Road district has reduced its levy 8.4 percent or $329,904 over three years between the funds and 11.18 percent or $452,828 over the last four years between the funds.
It is important to stress that these are actual tax cuts and not abatements which cause lower tax rates one year followed by a spike the very next year.
We consistently look for ways to save dollars, improve processes, and then document them for the future.
If you have any ideas on how we can save additional dollars feel free to let us know.
We look forward to a productive 2020 at the road district.