When city leaders read this Tribune article saying that Pat Quinn expects them to “share the pain,” there will be gnashing of teeth.
Apparently Quinn has decided to cut the $1 billion a year income tax revenue sharing by 30%. That will save $300 million, of course.
The cities got a cut of the income tax when the deal was put together by Republican Governor Richard Ogilvie way back in 1969.
It never made sense to me.
Why should local officials get a pot of money without taking any heat for hiking taxes?
10% of the total amount collected?
Better to take any heat little that comes with raising taxes, e.g., the 75% Crystal Lake city sales tax hike that Mayor Aaron Shepley and six of his city council members (all but Jeff Throsen) supported.