The town of Normal has decided to raise its tax rate 11 percent because the city council does not want to make cuts in its budget. However, the council found funds for a $500,000 donation to Illinois State University for a football scoreboard. It found $36,000 to hire a lobbyist to obtain funds from the state of Illinois, which is broke. It replaced playground equipment because it is 10 to 12 years old that may not have needed to be replaced. How about the $750,000 spent on a dwelling and additional demolition cost to tear it down so Underwood Park could be expanded?
The following are the facts from 2007-2012: The overall tax rate increased from $7.46182 to $8.02982. The additional 11 percent to the town’s portion will increase that total to $8.11156. At my house, the tax assessment increased from $50,103 to $52,166. My total real estate taxes increased from $3,104.48 to $3,385.86, and the 11 percent increase will raise taxes to $3,420.32. That is an increase of $315.84 since 2007 — a 10.17 percent increase.
Where can a single parent come up with additional taxes? Many taxpayers are at their limit. All forms of government need to live within a budget. Taxpayers have to do it.