TITLE

Compromise to Give Illinois County Half of Water Commission's Tax Revenues

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
For the next five years, cash-strapped DuPage County, Illinois, would receive about 15 million dollar of the roughly 30 million dollar of sales tax revenues collected annually by the DuPage Water Commission under a compromise announced on May 23, 2003 that preserves the commission. Seeking to avoid a county-wide tax increase, a representative for DuPage County Board chairman Robert Schillerstrom approached the leaders of the mayoral group several months ago about tapping a portion of the flush commission's sales taxes or 190 million dollar in reserve accounts to subsidize county's operations.
ACCESSION #
9913123

 

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