| Home Page : Archive News : March 2015 News : Griffin: Rauner plan could cost suburbs 25% of reserves | |
Griffin: Rauner plan could cost suburbs 25% of reserves | |
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March 05, 2015 When Gov. Bruce Rauner suggested withholding half of the municipal share of income tax revenues to shore up state finances, he assumed towns could absorb the loss by dipping into reserves. But can they? An analysis of 90 suburbs shows most could turn to reserves -- but only in the first year of the state cutting their income tax share. Source: http://www.dailyherald.com/article/20150304/news/150309579/ |
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