Politics & Government
Huntley Could Lose $280K 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 Huntley to lose thousands of dollars in revenue, the Chicago Tribune reports.
Under the proposal, the village of Huntley could stand to lose between $129,097 and $280,117.
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.
Find out what's happening in Huntleywith free, real-time updates from Patch.
For the full story, visit: www.ChicagoTribune.com.
Here's a look at how Quinn's proposal would impact other area communities:
Find out what's happening in Huntleywith free, real-time updates from Patch.
Town
Population Based on 2011 Census
Impact Based on State Calculation of $5.30/ Resident
Impact Based on IML Calculation of $11.50/ Resident
Algonquin
30,145
$159,768
$346,668
Lake in the Hills
28,980
$153,594
$333,270
Crystal Lake
40,766
$216,060
$468,809
Cary
18,281
$96,889
$210,232
Huntley
24,358
$46,232
$280,117
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