Politics & Government

Quinn Budget Plan Threatens St. Charles Finances

Governor's proposed freeze of the amount of income tax revenues shared with local government could mean budget cuts for St. Charles.

A proposal by Gov. Pat Quinn to freeze state income tax revenue distribution to local governments could cost the city of St. Charles from $174,762 to $379,201, according to a report by TribLocal.

Quinn’s hopes his plan will help the financially strapped state government’s finances by holding the amount of state income tax revenues sent to local governments at last year’s levels. That would mean $68 million more for the state but substiantially less for cities like St. Charles, according to the TribLocal report.

The state projects that the impact to local budgets would be $5.30 per resident, but the Illinois Municipal League, an organization composed of the state’s incorporated cities, villages and towns, says it will actually cost municipalities $11.50 per resident.

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With the city’s population pegged at nearly 33,000 residents, St. Charles stands to take a budget hit ranging from $174,762 to $379,201, which Finance Director Chris Minick told TribLocal would mean more cuts.

The entire TribLocal report can be found at http://www.chicagotribune.com/news/local/suburbs/batavia_geneva_st_charles/ct-tl-tri-tax-revenue-from-state-20130330,0,6828459.story.

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