Politics & Government
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.
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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 resident, Chicago Tribune reports.
For the full story, visit: www.ChicagoTribune.com
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