With an Illinois House legislative committee having voted to send a huge tax hike to the House floor for a vote the day after Labor Day, I think it’s time for a re-run of the following August 3rd article:
To put that in perspective, $207 million was collected in sales taxes throughout the county this past year. So, the proposed sales tax increase would hike sales taxes 8.7%.
(Yesterday, I estimated the increase would be at least 7.6% and pointed out how a local newspaper was helping the RTA to raise taxes with its headline. That calculation was based on using the tax rates. This one uses actual dollars.)
Maybe you won’t care.
That’s certainly what the legislators behind this tax hike are hoping.
Almost half of the RTA’s McHenry County $9 million will go to the Chicago Transit Authority, according to Kevin Craver’s Northwest Herald article.
And the county board will get the same amount–$9 million–to spend, apparently as it wishes, on roads it wants to improve. That’s almost twice as much as $4.6 million collected in McHenry County Motor Fuel Taxes this past year.
The county board just decided to borrow $50 million to improve roads. If the $9 million per year were similarly bonded, an extra, what, almost $100 million could be spent on roads.
County board members might not even have to take the heat for raising the taxes…unless the legislators decide to require them to approve the tax hike. (Rockford recently passed a sales tax hike to pay for roads.)