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R-1072 - 03/23/2010 - LOCAL GOVERNMENT - Resolutions Supporting DocumentsITEM 6.D.3) AGENDA ITEM Regular Board of Trustees Meeting of March 23, 2010 SUBJECT: Governor Quinn's Proposed Reduction of Local Government Distributive Fund FROM: David Niemeyer, Village Manager N/V\ BUDGET SOURCE/BUDGET IMPACT: Loss of $200,970+ Annually RECOMMENDED MOTION: I move for passage of Resolution R -1072, A Resolution Opposing Reduction of Local Government Distributive Fund. Background/History: In his March 10, 2010 Budget Address, Governor Quinn proposed to reduce the local government income tax share from ten percent to seven percent. At a calculation of $23.10 per resident, this would impact the Village in the amount of not less than $200,970 annually, In a time when the Village has already instituted drastic cuts, it would be extremely detrimental to suffer this loss of revenue which is included when budget forecasts are done. Additionally, for Oak Brook, the Governor's proposal represents an even greater loss of revenue due to the daytime corporate population of 80,000 to 100,000 which must be supported by Village fire and police services. Recommendation: I recommend the Village Board approve the attached Resolution Last saved by DEFAULT C:\Docurnents and Settings \dbettia\Local Settings\Temporary Internet Files \Content.Outlook \CQRIUKYC\LGDF Memo.doc Last printed 3/192010 2:55 PM RESOLUTION 2010 -LG -R -1072 A RESOLUTION OPPOSING REDUCTION OF LOCAL GOVERNMENT DISTRIBUTIVE FUND WHEREAS, the national economy has suffered a recession and as a result, the Village of Oak Brook's revenues have seriously declined; and WHEREAS, during the past two years, the Village has responded to this downtrend by reducing costs, expenditures and personnel, including elimination of jobs, an equivalent of almost fifteen percent of its workforce; and WHEREAS, ten percent of the income tax collected by the State of Illinois is transferred to the Local Government Distributive Fund for distribution to units of local government based on population; and WHEREAS, local governments depend on these revenues to balance their budgets, pay their employees and deliver services to their residents; and WHEREAS, the Village of Oak Brook approved a balanced budget for 2011 that included receiving ten percent of the income tax from the State of Illinois; and WHEREAS, Governor Quinn proposed in his March 10, 2010 budget address to withhold thirty percent of this shared revenue keeping $300 million of that for the state budget and would reduce the local government income tax share from ten percent to seven percent; and WHEREAS, this proposed withholding of municipal revenue will cost each municipality $23.10 per resident, amounting to not less than $200,970 annually for Village residents, which could be used to provide services which Oak Brook residents need; and WHEREAS, with this reduction the Village will be financially impacted and will be forced to make more budget cuts and reductions of services; and NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows: Section 1: The Village of Oak Brook strongly opposes any reduction of the Local Government Distributive Fund due municipalities and demands the ten percent be kept whole. RESOLUTION 2010 -1-G -R -1072 OPPOSING REDUCTION OF LOCAL GOV. DISTRIBUTIVE FUND Page 2 of 2 Section 2: The Village of Oak Brook implores Governor Quinn to revise his Fiscal Year 2011 budget proposal to eliminate any reductions to local government shared revenues. Section 3: The Village of Oak Brook calls on the members of the Illinois General Assembly to reject any budget proposal that shifts State budget problems to local government. Section 4: The Village Clerk is hereby directed to send copies of this Resolution to Governor Quinn, the legislative leaders of both chambers of the Illinois General Assembly and members representing the Village of Oak Brook. APPROVED THIS 23`d day of March, 2010. PASSED THIS 23rd day of March, 2010. Ayes: Nays: Absent: John W. Craig Village President ATTEST: Charlotte K. Pruss Village Clerk