THE FINANCIAL THREAT TO OUR COMMUNITIES
Speaker Madigan has filed three different amendments to HB 3637. Each amendment to this appropriation bill would authorize a diversion of substantial revenue from Corporate Personal Property Replacement Taxes away from local governments in order to fund the State's contribution to the Teachers' Retirement System. The amendments, which have been assigned to the House Executive Committee, propose the following:
House Amendment 1: Diverts more than $536,379,100 from all school districts that receive CPPRT revenue outside of Chicago.
House Amendment 2: Diverts $982,356,435 from all local governments that receive CPPRT revenue outside of the jurisdiction of Chicago.
House Amendment 3: Diverts $1,401,377,760 from all local governments that receive CPPRT revenue.
The bills are scheduled to be voted on in Executive Committee today at 2:30 p.m.
THESE ARE DEVASTATING REDUCTIONS IN LOCAL REVENUE!!!
It is critical that concerned residents make state legislators aware of their opposition to pulling dollars out of our local communities. These dollars pay for critical core services like fire and police protection, roads, snow removal, water and sewer maintenance, street lighting, parks, and economic development. Municipal governments across the state have already adopted their budgets for the new fiscal year. Losing CPPRT revenue would open up huge holes in many local budgets.
It is estimated the governmental units (municipalities, school districts, library, park districts and fire protection districts) in the BACOG region could lose up to $1,019,055 in 2012 funds. In addition, two other school districts and three other townships partially cover the BACOG communities; the total estimated loss to these governmental units is $1,835,795, some of which would be lost to the Barrington area communities.
WHAT YOU CAN DO – TAKE ACTION NOW!
Contact your state legislator right now! Call and leave a message that you oppose the diversion of CPPRT funds away from local governments to pay for the state’s obligation to fund the teacher retirement system. CALL NOW!
Senator Dan Duffy 217-782-8010
Senator Matt Murphy 217-782-4471
Senator Michael Noland 217-782-7746
Senator Pamela Althoff 217-782-8000
Representative Tom Morrison 217-782-8026
Representative Kent Gaffney 217-782-1517
Representative Ed Sullivan 217-782-3696
Representative Keith Farnham 217-782-7130
Representative Mike Tryon 217-782-0432
