title
PROPOSED RESOLUTION
COB #312501
RESOLUTION CONCERNING OPPOSING REDUCTION OF STATE COLLECTED REVENUES DUE MUNICIPALITIES
Submitting a Proposed Resolution sponsored by Joan Patricia Murphy and Peter N. Silvestri, County Commissioners.
WHEREAS, all Illinois municipalities provide direct frontline services to their citizens; and
WHEREAS, these services have an immediate and fundamental reality to those citizens who depend on local police and fire protection, water and sewer service, snow removal, roads and traffic safety; and
WHEREAS, local citizens pay income taxes to the State for both the State budget and local municipal budgets and the revenue is collected by the State; and
WHEREAS, since the inception of the State income tax in 1969, municipalities have received, relied upon and provided services with those revenues to their local taxpaying citizens; and
WHEREAS, the fiscal reality is that municipalities have already experienced less income tax revenues from the State; and
WHEREAS, the recent income tax increase provided new revenues all of which went to the State budget - none of the increase was received by cities - costing over $2.7 billion in future lost revenues; and
WHEREAS, the State, through its Legislature and Governor, is contemplating further reductions to municipal revenues; and
WHEREAS, one proposal under discussion would take an additional $300,000,000.00 of State-collected income tax from cities and counties, which would reduce their revenues by $23.40 per capita on top of the $19.02 that has already been lost during the recession, totaling an estimated $42.42 in lost revenue per resident in FY 2012.
NOW, THEREFORE, BE IT RESOLVED, that the Cook County Board of Commissioners strongly opposes further reduction in state collected revenues and demands that the General Assembly and Governor take no further action to financially ruin municipalities; and
BE IT FURTHER RESOLVED, that the Secretary to the Co...
Click here for full text