Politics & Government
Winnetka Could Lose $140K Under Quinn's Proposal
Gov. Pat Quinn has proposed to freeze state income taxes shared with local municipalities to generate an additional $68 million for the state budget.
Gov. Pat Quinn has proposed Illinois strengthen its troubled finances by freezing state income taxes shared with local municipalities at 2012 levels, a move that could cause Winnetka to lose between $64,591 and $140,150 in revenue and raise property taxes 1 percent, Chicago Tribune reports.
The state calculations show the impact to local budgets would be $5.30 per resident, while the Illinois Municipal League estimates the impact would be $11.50 per resident, Chicago Tribune reports.
Find out what's happening in Winnetka-Glencoewith free, real-time updates from Patch.
For the full story, visit: www.ChicagoTribune.com
Here's a look at how Quinn's proposal would impact other North Shore communities.
Find out what's happening in Winnetka-Glencoewith free, real-time updates from Patch.
Town
Population Based on 2010 Census
Impact Based on State Calculation of $5.30/ Resident
Impact Based on IML Calculation of $11.50/ Resident
Skokie
64,784
$343,355
$745,016
Evanston
74,486
$394,776
$856,589
Wilmette
27,087
$146,561
$311,500
Winnetka
12,187
$64,591
$140,150
Glencoe
8,723
$46,232
$100,314
Northfield
5,420
$28,726
$62,330
Glenview
44,692
$236,868
$513,958
Northbrook
33,170
$175,801
$381,455
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