Tuesday, January 22, 2013
Proposed sales tax would potentially lessen the burden on property owners.
The Oswego 308 School District is considering the addition of a sales tax referendum for the future that may have some homeowners breathing a little sigh of relief. The proposed sales tax would help to spread out the tax burden and help the school district to pay back outstanding bonds more quickly, said Board member Mike Scaramuzzi, who heads the Finance and Advisory committee with fellow board member BrentLightfoot. The Finance Advisory committee previously discussed how the district might go about refinancing bond debt to help reduce costs for the district and homeowners, but found few solutions. Want free local news in your inbox every morning? Sign up for our newsletter. “There is additional cost associated with any restructuring,” …
Tuesday, March 1, 2011
Yorkville city leaders presented information about the April 5 sales tax referendum. If the referendum passes, they hope to use that revenue, rather than property taxes, to cover next year's sewer debt payment.
A majority of the 30 or so people who attended a public forum Monday raised their hands in support of the sales tax referendum at the end of the informal discussion, although some audience members questioned whether residents could afford any new taxes. Autumn Creek resident Christopher Gross figured the proposed one-percentage point sales tax increase would be less of a burden for most residents than the property tax hike city leaders imposed to cover its sewer bond payments in December. Yorkville Mayor Valerie Burd proposed the sales tax increase to raise money for the city’s December 2012 sewer bond payments. City leaders estimate the sales tax increase would raise about $2 million a year, compared to the $1.75 million the city expects …
41.65244
-88.451154
Yorkville Public Library
902 Game Farm Rd, Yorkville, IL
/articles/forum-participants-lean-toward-sales-tax-increase
1351309
/locations/3539333
Wednesday, February 23, 2011
Yorkville Mayor Valerie Burd, city staff to explain city's budget woes, answer questions Monday about April 5 vote.
The title for a town hall forum next week tries to simplify the city’s debt woes into a clear choice for voters: sales tax vs. property tax; which is better? Mayor Valerie Burd, who is seeking re-election April 5, is hosting a meeting at 7 p.m. Monday at the Yorkville Public Library. The public meeting comes about five weeks before voters will determine whether city leaders can raise the local sales tax. The meeting will start with a presentation from city staff on the history of the city finances and end with a question and answer period, Burd said. “We’re going to explain how we got where we are and why you can’t cut the general fund to solve the problem in the sewer fund,” Burd said. “We’re trying to make people understand that even if …
41.65244
-88.451154
Yorkville Public Library
902 Game Farm Rd, Yorkville, IL
/articles/town-hall-meeting-to-examine-sales-tax-referendum
1351309
/locations/3490193
41.651393
-88.451285
United City of Yorkville City Hall
800 Game Farm Rd, Yorkville, IL
/articles/town-hall-meeting-to-examine-sales-tax-referendum
1351036
/locations/3490194
Wednesday, December 29, 2010
Mayor Valerie Burd is considering a sales-tax increase referendum to help cover future sewer debt payments.
Yorkville Mayor Valerie Burd wants to craft a sales-tax increase referendum so the city doesn't have to rely on property taxes to cover its sewer and water debt payments in the 2012-2013 fiscal year. "I believe real estate taxes are not an equitable tax," Burd said. "… I think sales tax revenue gives people an option as to whether they want to go to stores here and pay this." Yorkville presently gets 1 percent of the 7.25 percent sales tax from transactions in most parts of the city, but City Administrator Bart Olson roughly estimated a 1 percent sales-tax increase would bring about $2 million more next year for the city. Yorkville voters would have to approve the increase through a referendum, so Burd is expected to ask aldermen to place…
41.651393
-88.451285
United City of Yorkville City Hall
800 Game Farm Rd, Yorkville, IL
/articles/yorkville-mayor-proposes-sales-tax-increase
1351036
/locations/2900999
MikeK
2:57 pm on Friday, May 3, 2013
@Jane Enviere Do you work for a union?? Many Unions do not allow their members to be involved in other jobs that might or will interfere with other unions that could lose work. I've known teachers that took up painting homes for summers or landscape projects as a business and both of these areas have union members that are losing out on work to get paid for. And these are just some of the … more ›