.

Burr Ridge Could Lose $121K Under Quinn's Proposal

Gov. Pat Quinn has proposed to freeze state income taxes shared with local municipalities to generate an additional $68 million for the state budget.

 

Gov. Pat Quinn has proposed Illinois strengthen its troubled finances by freezing state income taxes shared with local municipalities at 2012 levels, a move that could cause Burr Ridge to lose thousands of dollars in revenue, the Chicago Tribune reports. 

Under the proposal, the Village of Burr Ridge could stand to lose between $56,175 and 121,428 in revenues.

The state calculations show the impact to local budgets would be $5.30 per resident, while the Illinois Municipal League estimates the impact would be $11.50 per residentChicago Tribune reports.

For the full story, visit: www.ChicagoTribune.com

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »